Microsoft-backed AI lab Mistral is launching its first reasoning model in challenge to OpenAI
1. French startup Mistral AI launches reasoning model Magistral to compete in AI space. 2. Mistral is backed by Microsoft, indicating strategic investment in AI innovation. 3. Magistral aims to excel in mathematics and coding with European language capabilities. 4. Competition with OpenAI's o1 and DeepSeek's R1 could impact market dynamics. 5. Market response to Mistral's launch may indirectly influence Microsoft's AI positioning.