Friday, June 21, 2024

Microsoft’s AI investment: Company has “good news” in the UK – Times of India

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Britain’s competition watchdog has said that it will not investigate the partnership between Microsoft and Mistral AI – a French artificial intelligence startup in which the tech giant invested $16 million in February this year. Microsoft partnered with Mistral AI to bring the company’s models available through its Azure platform.
The decision comes weeks after the Competition and Markets Authority (CMA) invited views on the tie-up.The CMA said the Mistral partnership did not qualify for investigation under the market’s merger regulations.
The CMA in April invited comments on the partnership, as well as separate links between Microsoft and Inflection AI. It also sought information on the tie-up between Amazon and Anthropic, as per news agency Reuters. The Satya Nadella-led company has also invested in ChatGPT owner OpenAI.

What the CMA, Microsoft said

“The CMA has considered information submitted by Microsoft and Mistral AI, together with feedback received in response to its invitation to comment,” a CMA spokesperson said.
“Based on the evidence, the CMA does not believe that Microsoft has acquired material influence over Mistral AI as a result of the partnership and therefore does not qualify for investigation,” the spokesperson added.
Meanwhile, a Microsoft spokesperson said that iInvestment and partnership are essential to new players in the AI economy.
“We welcome the CMA’s determination that our fractional investment and partnership with Mistral AI does not qualify as a merger or acquisition,” the spokesperson added.
European Union antitrust chief Margrethe Vestager, who has been looking into Big Tech’s partnerships with AI start-ups, met Mistral AI last month.
“We need vibrant competition in AI, now,” she wrote on X after the meeting.

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