French AI startup Mistral invests $1.4 billion in data centres in Sweden

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 concrete step toward building independent capabilities in Europe, dedicated to AI," Arthur Mensch, CEO and Co-Founder of Mistral AI, said in a statement.

Swedish data centre ⁠operator EcoDataCenter ‌will design, build and ​run ​the new infrastructure, ⁠it said in a separate statement.


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)