France’s Mistral raises $830 million in debt for AI data centre build-up

Europe’s leading AI provider Mistral has raised $830 million in new debt to buy 13,800 Nvidia chips for a major data centre near Paris, the firm told Reuters, as Europe races to scale AI ‌infrastructure to ⁠compete with the ⁠U.S. and China.

The deal, set to be announced on Monday, marks Mistral’s first debt raising and underscores growing investor confidence in European AI firms as they seek to challenge the dominance of U.S. tech giants like Microsoft, Google and Amazon in cloud computing and AI services.