Synopsis: BNP Paribas has expanded its partnership with Mistral AI, positioning the European startup as a key player in generative AI. This collaboration will integrate Mistral AI's advanced language models across BNP Paribas' operations, including customer support, sales, and IT.
As companies rush to adopt generative AI, Mistral is emerging as the European alternative to OpenAI.
BNP Paribas announced on Tuesday that it has entered into a comprehensive partnership agreement with Mistral AI, encompassing all of Mistral's current and future commercial models.
This deal, which builds on a relationship that began in September, will enable BNP Paribas to implement Mistral AI's large language models across various business areas, including customer support, sales, and IT.
Founded in 2023 by former Google DeepMind and Meta AI scientists, the Paris-based startup Mistral has raised over 1 billion euros in three rounds of financing.
The company has released both open-source and proprietary AI models to compete with market leaders.
"Generative AI has significant potential to enhance our client offering across sales, trading, research, and more. I am excited to continue our work with Mistral AI towards that goal," said Olivier Osty,
Head of BNP Paribas Global Markets, in a statement.
In conclusion, BNP Paribas' partnership with Mistral AI signifies a strategic move to leverage generative AI technology across its business operations, aiming to enhance client offerings in sales, trading, research, and beyond.
Mistral AI, positioned as Europe's alternative to OpenAI, brings substantial expertise and innovative AI models to the collaboration, supported by significant investment and a strong foundation in AI research and development.
