By Supantha Mukherjee and Leo Marchandon
STOCKHOLM, March 30 - Europe’s leading AI provider Mistral has raised $830 million in new debt to buy 13,800 Nvidia (NVDA.O) chips for a major data centre near Paris, the firm told Reuters, as Europe races to scale AI infrastructure to compete with the U.S. and China.
The deal, set to be announced on Monday, marks Mistral’s first debt raising and underscores growing investor confidence in European AI firms as they seek to challenge the dominance of U.S. tech giants like Microsoft (MSFT.O) , Google (GOOGL.O) and Amazon (AMZN.O) in cloud computing and AI services.
Mistral’s debt raising was financed by a consortium of seven banks, including BNP Paribas (BNPP.PA) , Crédit Agricole CIB (CAGR.PA) , HSBC (HSBA.L) and MUFG (8306.T) , it said. The data center in Bruyeres-le-Chatel is expected to become operational in the second quarter of 2026.

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- Europe's AI provider Mistral has raised $830 million in debt to acquire 13,800 Nvidia chips for a data center near Paris.  
- This marks Mistral's first debt raising and reflects increasing investor confidence in European AI firms competing with U.S. tech giants in cloud computing and AI services.  
- The financing was provided by a consortium of seven banks, with the data center set to be operational in the second quarter of 2026.

Reuters

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France's Mistral raises $830 million in debt for AI data centre build-up