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Paris-based Mistral AI introduces generative artificial intelligence model to compete with OpenAI

France-based Mistral AI has announced the launch of its first generative artificial intelligence (AI) model to compete with US rivals in the AI space. The small-scale language model, which has around 7 billion parameters, will be made available to developers for free, according to a company statement. Mistral AI CEO Arthur Mensch stated that the firm has training methods that are more efficient and less costly to implement. The model, called Mistral 7B, is being tested by four French firms for customer service, chatbots, summaries, and marketing content generation. It is compatible with both English and computer source code and may be followed by more advanced models and commercial offerings. Mistral AI was founded in 2023 by researchers including Timothée Lacroix, Guillaume Lample, and Arthur Mensch. The firm recently raised $110 million in a funding round and has garnered interest from investors as generative AI solutions gain traction in various sectors. While the technology holds promise for improving product and service efficiency, it is still in its early stages and further development is needed to fully understand its potential.

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