"Scaling our infrastructure in Europe is critical to empower our customers and to ensure AI innovation and autonomy remain at the heart of Europe. We will continue to invest in this area, given the surging and sustained demand from governments, enterprises, and research institutions seeking to build their own customized AI environment, rather than depend on third-party cloud providers."
"Mistral has raised over €2.8 billion ($3.1 billion) in funding to date from investors including General Catalyst, ASML, a16z, Lightspeed, and DST Global."
Mistral AI has secured $830 million in debt to construct a data center near Paris, utilizing Nvidia chips. The facility in Bruyeres-le-Chatel is expected to be operational by the second quarter of 2026. The company previously announced a $1.4 billion investment in Sweden for AI infrastructure, targeting 200 megawatts of compute capacity across Europe by 2027. CEO Arthur Mensch emphasized the importance of scaling infrastructure to support customer needs and foster AI innovation in Europe, reducing reliance on third-party cloud services.
Read at TechCrunch
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