French AI startup Mistral announced on Wednesday that it will invest €1.2 billion in Sweden to develop digital infrastructure, with a focus on advancing AI data center projects. Currently, Europe is accelerating the deployment of AI infrastructure to enhance technological autonomy. Founded in 2023, Mistral is one of Europe's leading AI companies and has completed multiple rounds of financing, with investors including NVIDIA and Microsoft. Initially focused on large language model development, the company has gradually expanded into the infrastructure sector and launched its Mistral Compute service in June this year. The Nordic region has become an ideal location for computing power facility construction due to its favorable conditions, with OpenAI previously announcing plans to build a data center in Norway. Mistral will collaborate with local Swedish companies to deploy computing power facilities, which are scheduled to become operational in 2027. Although Mistral is Europe's largest large language model developer in terms of financing scale, it still lags behind its U.S. competitors.
