[7/21 15:00] Bessent floats sanctions over Chinese AI model distillation / Microsoft and Mistral expand partnership with multibillion-dollar European AI deal

AI News Flash for July 21, 2026 at 15:00 UTC. Topics: 1. Bessent floats sanctions over Chinese AI model distillation https://www.cnbc.com/2026/07/21/bessent-china-ai-sanctions.html 2. Microsoft and Mistral expand partnership with multibillion-dollar European AI deal https://www.france24.com/en/france/20260721-microsoft-strikes-multi-billion-dollar-deal-to-expand-france-ai-firm-mistral 3. Instructure survey finds 90% of college students use AI in class https://www.highereddive.com/news/90-of-students-use-ai-in-the-classroom-instructure-poll-finds/825714/ 4. Privacy risks from medical AI greater than previously thought https://physicsworld.com/a/privacy-risks-from-medical-ai-are-greater-than-previously-thought/ 5. Samsung launches Health Assistant in beta https://news.samsung.com/us/samsung-launches-health-assistant-beta-first-fully-integrated-ai-powered-assistant/