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French AI startup Mistral has reportedly secured $830 million in debt financing. The funds will be used to build a data center powered by Nvidia Corp. (NASDAQ:NVDA) chips.
The financing round was backed by a consortium of seven global banks, including BPIFrance, BNP Paribas, Crédit Agricole CIB, HSBC, La Banque Postale, MUFG, and Natixis CIB, reported Reuters.
Mistral’s new data center near Paris will support both AI model training and inference services, with operations expected to begin in Q2 this year.
The facility will run on 13,800 Nvidia GB300 GPUs, giving it a total capacity of 44 MW. Mistral plans to scale up to 200 MW of capacity across Europe by the end of 2027.
CEO Arthur …
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