Mistral CEO warns AI concentration among 3-4 companies risks market abuse

Mistral's CEO warned at the India AI Impact Summit that AI faces too much concentration of power. "We don't want to be in a world where three or four enormous companies actually own the deployment and the making of AI," he said. The comment echoes growing European concern about US Big Tech dominance in AI. Mistral recently acquired cloud provider Koyeb to become a full-stack AI provider and compete more directly with US frontier labs.

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