HSBC taps French start-up Mistral to supercharge generative-AI rollout

HSBC said on Monday it had signed a multi-year deal with French start-up Mistral AI to integrate generative artificial intelligence tools across the bank, aiming to speed up automation, lift productivity, and enhance client services.

Under the pact, HSBC will deploy Mistral’s commercial models and future upgrades on a self-hosted basis, combining its internal tech muscle with Mistral’s model building.

Both firms will collaborate to build AI solutions for tasks ranging from financial analysis and multilingual translation to risk assessment and…