Microsoft on Monday announced a new partnership with French start-up Mistral AI – Europe’s answer to ChatGPT maker OpenAI — as the U.S. tech giant seeks to expand its footprint in the fast-evolving artificial intelligence industry.

Microsoft said in a statement that it was investing in the 2 billion euro ($2.1 billion), 10-month-old business to help it unlock “new commercial opportunities” and expand to global markets, without providing further financial details.

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