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REUTERS 2024-12-23T14:24:01+00:00

Chile's Codelco seeks permit for $800 million mine extension

Chilean miner Codelco has requested an environmental permit to extend the life of its Gabriela Mistral copper mine by more than 25 years with an $800 million investment, the state-run company said on Monday.

REUTERS 2024-03-07T13:49:47+00:00

Microsoft is case study in weathering EU techlash

Brussels’s Big Tech D-Day is here. On Thursday the European Union starts formally requiring so-called “gatekeeper” platforms run by the biggest technology giants to spur competition by complying with its Digital Markets Act (DMA). Yet Microsoft is a case study of how U.S. firms can still do business in Europe despite the regulatory surge.

REUTERS 2023-12-05T19:49:40+00:00

AI Davids ride coattails of industry Goliaths

Artificial intelligence Goliaths like OpenAI continue to open the door for what might become the industry’s Davids. The much smaller and more nascent firm Mistral AI is close to inking a $2 billion valuation from investors, Bloomberg reported on Monday, despite having negligible revenue and being under a year old. With a low-cost approach and data privacy focus, it may be able to eventually carve out a solid European business. For now, though, it’s capturing cash with a slingshot.

REUTERS 2026-07-16T05:02:07.457000+00:00

Airbus picks Iliad's Scaleway for AI, defence work in sovereignty push

Airbus said on Thursday it had signed a multi-year agreement with Iliad-owned Scaleway ​to provide cloud infrastructure for sensitive industrial and defence applications, ‌supporting the deployment of AI tools developed with French startup Mistral.

REUTERS 2025-03-05T09:09:00+00:00

Equinor makes gas discovery in Norwegian Sea, plans development

Equinor and its partners have made a gas and condensate discovery in the Mistral South exploration well in the Halten area of the Norwegian Sea, and plan to develop the resources, the state-controlled company said on Wednesday.

REUTERS 2023-12-11T18:22:53+00:00

EU’s AI rules look best for those in the middle

France and Germany may have found a sweet spot amid the European Union’s artificial intelligence rules. As expected, the bloc will require general-purpose AI players to report how they use data, train their models and respect copyright laws, but there’s a twist. Technology deemed to pose a “systemic risk” – to be determined by how much computing power it uses – will face additional requirements in a move that looks handy for homegrown players like France’s Mistral and Germany’s Aleph Alpha.