This illustration photograph shows the logos of Microsoft (bottom) and Mistral AI displayed on screens, in Paris on July 21, 2026. Microsoft and Mistral said on July 21, 2026 they had signed a "multibillion dollar" deal for the US tech giant to use the French AI developer's computing infrastructure in Europe. The agreement would grant Microsoft access to "Europe-based GPU (graphics processing unit) infrastructure to increase capacity for AI development and to support the delivery of Microsoft's cloud and AI services," the companies said in a joint statement. (Photo by Xavier GALIANA / AFP via Getty Images)