Mistral AI was founded in May 2023. Mistral Large is comparable to GPT-4. Mistral AI launched the chat assistant Le Chat. Mistral AI's business model is similar to OpenAI. Microsoft reached a collaboration agreement with Mistral AI to continue developing in the AI field. Microsoft is developing a new small model, Phi-2. Microsoft has reached a multi-billion dollar chip deal with Intel.

Microsoft will invest 15 million euros in the European version of OpenAI, Mistral AI. Microsoft is collaborating with the French startup Mistral AI, with the investment amount significantly lower than that in OpenAI. Mistral AI has launched a large language model and a multilingual conversational assistant. The EU is investigating Microsoft's partnership with Mistral AI.