Europe's OpenAI Rival Mistral Bets $1.4 Billion On Swedish AI Infrastructure Buildout

French AI startupMistral AIon Wednesday unveiled a €1.2 billion ($1.43 billion) investment with Swedish companyEcoDataCenterto bolster Sweden's digital infrastructure.

Mistral's First AI Facility Outside France

The companies revealed a strategic, long-term alliance to establish an AI-centric data center at EcoDataCenter's Borlänge site in Sweden. The partnership includes AI-specialized data centers, advanced compute capacity, and localized AI capabilities.

EcoDataCenter will handle the design, construction, and operation of Sweden's AI infrastructure, using renewable energy, advanced cooling, and its expertise in high-density data centers. The center will featureNvidia Corp's (NASDAQ...