Earlier this week, Microsoft said it had made a 15-million euro ($16 million) investment in Mistral, and would soon make the Paris-based company s AI models available via its Azure cloud computing platform.
Following the announcement, a Microsoft spokesperson told Reuters it had invested in Mistral without taking a stake. Later, Microsoft clarified that its investment would convert into equity in Mistral s next funding round, a common practice among big tech companies investing in AI startups.