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00:02French AI startup Mistral said Monday it secured $830 million in debt financing to fund a data
00:08center powered by thousands of NVIDIA chips, according to CNBC. The company was founded in
00:142023 and is building foundational AI models in Europe. In February, it announced a 1.2 billion
00:21euro plan to expand data centers and compute capacity in Sweden. The new site near Paris
00:26will support model training and inference services and is set to become operational in the second
00:32quarter. It will use 13,800 NVIDIA GB300 GPUs and deliver 44 megawatts of capacity. Mistral aims
00:40to reach 200 megawatts across Europe by 2027. The financing was backed by seven global banks.
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