Investment will be “billions of euros”, said 32-year-old co-founder Mensch (File) | Photo credit: Reuters
French artificial intelligence AI startup Mistral said on Sunday that “billions of euros” will pour “billions of euros” into building the country’s first data center.
The announcement in an interview with broadcaster TF1 by Mistral co-founder Arthur Mensch was hours before the launch of the Global AI Summit in Paris, set to attract government chiefs and high-tech industry leaders. there was.
The investment will be “billions of euros,” said Mensch, 32, adding that the company is aiming to “control the entire value chain from computers to software.”
Ahead of the summit, France has established itself as the ideal data center host, betting on providing low-carbon power from the nuclear power plant network and choosing a shovel-enabled site to attract investors.
The United Arab Emirates pledged Thursday to build data centres on AI campuses worth up to $50 billion, while Canadian investment fund Brookfield pledged 20 billion euros ($20.6 billion) across multiple centres .
Published – February 10, 2025 10:15 AM IST
