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Mistral raises $830mn to build Nvidia-powered AI centres in Europe

French company’s debut debt financing follows rising demand for alternatives to US groups

French AI start-up Mistral has raised $830mn in its debut debt financing to support the construction of Nvidia-powered data centres across Europe.

The investment comes as the company undergoes rapid growth from companies and governments seeking “sovereign” European alternatives to US groups such as Microsoft, Amazon and Google.

Mistral has previously unveiled plans to spend €4bn on building AI infrastructure, including facilities in France and Sweden.

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