PARIS, Feb 11 (Reuters) - French artificial intelligence startup Mistral AI said on Wednesday it will invest 1.2 billion euros ($1.43 billion) in new data centres in Sweden. "This investment is a
Mistral AI Allocates $1.4 Billion for New Data Centres in Sweden
Mistral AI's Strategic Investment in Sweden
PARIS, Feb 11 (Reuters) - French artificial intelligence startup Mistral AI said on Wednesday it will invest 1.2 billion euros ($1.43 billion) in new data centres in Sweden.
Details of the Investment
"This investment is a concrete step toward building independent capabilities in Europe, dedicated to AI," Arthur Mensch, CEO and Co-Founder of Mistral AI, said in a statement.
Partnership with EcoDataCenter
Swedish data centre operator EcoDataCenter will design, build and run the new infrastructure, it said in a separate statement.
Future of AI Infrastructure in Europe
The new large-scale computer capacity is scheduled to open in Sweden in 2027 and will support Mistral's next generation AI models, EcoDataCenter said.
It will be Mistral's first infrastructure investment outside France.
The new computer infrastructure is part of an effort by the company to keep its technology and all its cloud servers in Europe, unlike its main competitors such as U.S.-based Open AI.
($1 = 0.8396 euros)
(Reporting by Inti Landauro, Editing by Louise Heavens)
