Mistral AI is seeking approximately €1 billion in shares and hundreds of millions in debt financing to establish Mistral Compute, a new AI cloud infrastructure. The project aims to enhance Mistral's standing in the European AI landscape and is characterized by collaboration with Nvidia and MGX to create a significant AI data center in France. The debt financing will support building the hardware base powered by 18,000 Nvidia Grace Blackwell chips, with Bpifrance among potential lenders. CEO Arthur Mensch aims to transform Mistral into a comprehensive AI cloud provider, promoting scalability and strategic influence in Europe.
French AI startup Mistral AI is negotiating a financing round worth around €1 billion in shares and hundreds of millions of euros in debt to launch Mistral Compute.
The new AI cloud infrastructure will be established entirely in France and is aimed at enhancing Mistral's position in the European AI market.
The infrastructure will run on 18,000 of Nvidia's latest Grace Blackwell chips, with potential lenders including French state investor Bpifrance.
Mistral CEO Arthur Mensch aims to transition from a model builder to a comprehensive AI cloud player for greater scalability and strategic control in Europe.
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