Mistral secures $830 million in debt financing to fund AI data center

Mistral, a French AI startup, secured $830 million in debt financing to build a data center powered by thousands of Nvidia graphics processing units (GPUs, specialized chips used for AI training). The new data center near Paris will support training of Mistral's large language models (LLMs, AI systems trained on vast amounts of text) and will become operational in the second quarter of 2025, with plans to expand European computing capacity to 200 MW by the end of 2027.