Mistral raises $830 million in debt to build data center just outside Paris

It’s a big investment for European AI, but significantly lower than what US AI labs are spending. (Picture: Mistral)
The new 44 MW data center will be powered by 13,800 Nvidia chips, and should be online by the second quarter of 2026.

The French AI lab is hoping to secure 200 megawatts of capacity by the end of 2027, Reuters reports.

— Scaling our infrastructure ​in Europe is ⁠critical to empower our customers and to ensure AI innovation and autonomy remain at the heart ​of Europe, says Mistral CEO Arthur Mensch.

The news comes hot on the heels of Mistral’s February startup of a €1.2 billion data center in Sweden, according to CNBC.

Mistral is the largest European AI lab, has contracts with the French armed forces, and has secured $3.1 billion in funding so far, TechCrunch writes.

Read more: Reuters, CNBC and TechCrunch.