Bloomberg: Mistral bets on open models to take on AI giants

Bloomberg examines Mistral's strategy as Europe lags the US in building the largest AI models. The French company is betting on open-source models to offer businesses lower costs, more control over their data and greater technological sovereignty.

• Mistral pitches open models against closed offerings from big tech
• Its pitch: lower costs, data control and tech sovereignty
• Europe trails the US due to smaller capital markets and fragmentation