Europe probes Microsoft's €15M stake in AI upstart Mistral
The European Commission is investigating Microsoft's €15 million ($16.3 million) investment in French startup Mistral, which came just after the latter released a large language model to compete with OpenAI's ChatGPT. Founded in 2023 by researchers from Google DeepMind and Meta, Mistral has raised over €385 million ($417.1 …
COMMENTS
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Thursday 29th February 2024 14:16 GMT StrangerHereMyself
Inevitable
I believe the domination of AI by large tech-companies is inevitable since the investment needed to power and develop AI is humongous (requiring many billions in GPU's alone) and only the largest and most credit-worthy companies can finance it. There's not enough venture capital available in Europe to finance a large AI start-up.
So essentially tne EU is spitting into the sea.