Mistral AI is committed to furthering their ambition to build 200MW of data centre compute capacity in Europe by the end of 2027, securing $830 million in debt financing to up capabilities at a facility near Paris.
The cash will be used to purchase 13,800 Nvidia GB300 GPUs for a centre in Bruyeres-le-Chatel which Mistral AI noted would bring its capacity to 44MW.
Lenders are Bpifrance, BNP Paribas, Credit Agricole CIB, HSBC, La Banque Postale, MUFG and Natixis Corporate & Investment Banking.
In a statement on social media, the AI company asserted the backing “underscores their confidence in our vision: Europe needs an ambitious AI cloud infrastructure and an independent AI stack”.
Mistral AI is building infrastructure in Europe to support demand for sovereign AI from governments and enterprises, with the majority of main players in the highly-hyped segment from the US or China.
In February, the company announced a partnership with EcoDataCenter to spend €1.2 billion in data centre infrastructure in Sweden, a move promoted as Mistral AI’s first such investment outside of France.
Source: Mobile World Live
Image Credit: Mistral AI
Source: Tahawul Tech