BNP Paribas Partners with Mistral AI

BNP Paribas entered into an agreement with Mistral AI to provide access to current and future Mistral AI commercial models across all the bank’s business lines. It follows a relationship dating back to September 2023 when the Global Markets division of BNP Paribas began experimenting with Mistral AI’s models. This first engagement produced strong results and, according to a story in Markets Media news, BNP Paribas extended the collaboration to the wider Group starting February 2024. Since that time, BNP Paribas has been extensively piloting Mistral AI commercial models across several of the bank’s divisions. By using Mistral AI Large Language Models, BNP Paribas is developing a number of use cases in its businesses across customer support, sales, IT and other areas. Mistral AI’s offering and strategy is complementary to highly regulated institutions, facilitating controlled deployment of cutting-edge models on premises. A further advantage of working with Mistral AI is scalability, as they strive to deliver energy-efficient models.