Bloomberg Tech

France’s Mistral AI announced its first generative artificial intelligence model to compete with US leaders in AI, including Meta Platforms Inc. and Microsoft Corp.-backed OpenAI.

(Bloomberg) — The US Federal Trade Commission is continuing its challenge of Microsoft Corp.’s $69 billion acquisition of video game company Activision Blizzard Inc., in yet another attempt to fight the deal even after it closes.

Direct-lending funds are working to provide as much as £1.25 billion ($1.5 billion) for the potential buyout of the UK’s Iris Software.

(Bloomberg) — About once a week, Bernie Thompson gets a “take action” email from Amazon.com Inc. Online sellers like Thompson dread these messages because it means the e-commerce giant has discovered one of their products is selling for a lower price on a competing website. Unless he adjusts the price, Thompson says, Amazon could make his merchandise virtually invisible to shoppers.

A Microsoft Corp. executive said the company has tried for years to displace Alphabet Inc.’s Google as the default web browser on iPhones, but that Apple Inc. never seriously considered switching to Microsoft’s Bing and was content to use it as a “bargaining chip” with the search giant.

Hollywood screenwriters obtained one of the first contracts to govern the use of artificial intelligence as a result of their five-month long strike.

US stocks wavered while a selloff in Treasuries resumed as investors contemplated the prospect of higher rates and a looming government shutdown. The dollar extended its climb into a sixth day.

After his ‘disruptor’ S4 Capital hit record lows, the vaunted adman plans for a ‘year of efficiency’ 

Amazon.com Inc. lured away longtime Microsoft Corp. executive Panos Panay, to head the company’s devices and services business.