BRUSSELS, April 26 (Reuters) - European Union antitrust
chief Margrethe Vestager, who has been looking into Big Tech's
partnerships with AI start-ups, met on Friday fast-growing
French start-up company Mistral AI and said the sector needs
more competition.
In February, Microsoft ( MSFT ) invested $16 million in
Mistral AI and partnered with them to make its artificial
intelligence models available through its Azure platform. It has
also invested in ChatGPT owner OpenAI.
Other high-profile AI partnerships include Amazon ( AMZN )
and Google's investments in Anthropic, triggering
regulatory concerns that tech giants may once again dominate in
this developing field as they have in other more traditional
areas.
"If we act early on, we can avoid that the #AI market gets
dominated by a few large players, like we saw happening with
#digital #platforms. We need vibrant #competition in AI, now,"
Vestager wrote on her X account.
"Good meeting with @MistralAI today," added Vestager, who
posted a photo of herself with Mistral AI executive Arthur
Mensch.
Earlier this month, publication The Information reported
Mistral AI had been speaking to investors about raising several
hundred million dollars which would give it an overall $5
billion valuation.
A fund-raising round in December gave Mistral AI a 2 billion
euros ($2.1 billion) valuation.
($1 = 0.9350 euros)