Diamond Member Pelican Press 0 Posted May 17, 2024 Diamond Member Share Posted May 17, 2024 This is the hidden content, please Sign In or Sign Up Mistral partnership avoids merger probe by *** regulators The This is the hidden content, please Sign In or Sign Up logo is displayed on a smartphone. Mateusz Slodkowski | Sopa Images | Lightrocket | Getty Images The U.K.’s Competition and Markets Authority cleared This is the hidden content, please Sign In or Sign Up ’s artificial intelligence partnership with Mistral of regulatory concerns after previously inviting views on whether the arrangement qualified as a merger. The CMA said in a brief statement Friday that the deal “does not qualify for investigation under the merger provisions of the Enterprise Act 2002.” CNBC has reached out to This is the hidden content, please Sign In or Sign Up and Mistral. Mistral, a French AI firm founded in 2023, won a 15 million euro, or $16 million, investment from This is the hidden content, please Sign In or Sign Up earlier this year. Under the terms of the deal, the U.S. tech giant receives a ********* stake in Mistral, while the French company adds its large language models to the U.S. tech giant’s Azure cloud computing platform. In April, the CMA began seeking views from interested parties on partnerships agreed by U.S. tech giants with smaller AI firms to determine whether arrangements between the companies qualify as mergers. As part of that effort, the CMA looked into the ********* investment deals agreed by This is the hidden content, please Sign In or Sign Up and Mistral, as well as into whether This is the hidden content, please Sign In or Sign Up ’s hiring of certain former employees from AI startup Inflection constitutes a merger. The watchdog separately invited comment on the arrangements between This is the hidden content, please Sign In or Sign Up and Anthropic. Now, the regulator says it is no longer looking into This is the hidden content, please Sign In or Sign Up ’s investment in Mistral. It has given no update on its inquiries into the This is the hidden content, please Sign In or Sign Up -Inflection deal and into This is the hidden content, please Sign In or Sign Up ’s hiring of employees from Inflection. This is the hidden content, please Sign In or Sign Up previously denied that its deals with OpenAI and Mistral plus the hiring of employees from Inflection constituted mergers. This is the hidden content, please Sign In or Sign Up has also said that its partnership with Anthropic represents a limited corporate investment, not a merger. This is the hidden content, please Sign In or Sign Up Artificial intelligence,Technology,Breaking News: Technology,business news # This is the hidden content, please Sign In or Sign Up #Mistral #partnership #avoids #merger #probe #regulators This is the hidden content, please Sign In or Sign Up For verified travel tips and real support, visit: https://hopzone.eu/ 0 Quote Link to comment https://hopzone.eu/forums/topic/33509-microsoft-mistral-partnership-avoids-merger-probe-by-uk-regulators/ Share on other sites More sharing options...
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