> BNP Paribas runs Mistral models on-prem for KYC in Belgium, with sensitive data staying within the bank's walls. Abanca is using agent orchestration to handle sensitive customer information at a huge scale (2 million customers in their app). For European companies in regulated industries, this is a good alternative to relying on US hyperscalers.

Mistral leaning into on-prem and European-hosted models is very smart.

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5 minutes ago | parent | next [-]

[deleted]

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bg24 29 minutes ago | parent | prev | next [-]

Also Mistral did just the right thing by acquiring Koyeb, to beef up their deployment at scale expertise.

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doctorpangloss 10 minutes ago | parent | prev | next [-]

Yeah but why use mistral on premises instead of Qwen?

	▲	plaidthunder 7 minutes ago \| parent \| next [-]
		Because the lab working on Mistral is in the European Union.
	▲	simonw 8 minutes ago \| parent \| prev [-]
		One reason might be that Mistral doesn't have a risk of weird training biases that were required by the Chinese government.

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psychoslave 12 minutes ago | parent | prev | next [-]

That's just one side of the story, not following it on details, but their own le chat explained to me that the company was a capitalist succubus starving to build data center in some north European country. Hilarious if you ask me.

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johnbarron 32 minutes ago | parent | prev [-]

Lets hope the models can do a better KYC than the humans have been doing..because they are well known.

Or is this a case of the humans, now preparing for the excuse it was the AI failure?

"BNP Paribas Sentenced for Conspiring to Violate the Trading with the Enemy Act" - https://www.justice.gov/archives/opa/pr/bnp-paribas-sentence...

"BNP Paribas caught up in French money laundering investigation" - https://www.reuters.com/business/finance/bnp-paribas-caught-...

"BNP Paribas faces $246m fine in currency scandal" - https://www.bbc.com/news/business-40635070

"BNP Paribas caught in a Cypriot money laundering investigation" - https://www.lemonde.fr/en/les-decodeurs/article/2023/12/26/b...

In Money Laundering their track record is unmatched: https://violationtracker.goodjobsfirst.org/parent/bnp-pariba...

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pavlov 10 minutes ago | parent [-]

When the humans have a track record of corruption, it might make sense for a company to seek parallel opinions from a LLM so they can at least flag suspicious human decisions.

Assuming BNP Paribas leadership wants to stop the corruption of course.

	▲	johnbarron 3 minutes ago \| parent [-]
		They had years to fix it: https://violationtracker.goodjobsfirst.org/parent/bnp-pariba...