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Mistral Says Europe Must Build AI Infrastructure in Two Years

5/17/2026

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**Mistral CEO Warns**
  • Mistral CEO Arthur Mensch told a hearing Europe has two years to build AI infrastructure or become dependent on U.S. tech giants.
  • He warned American firms will spend a trillion dollars next year to control chips, energy and computing capacity.
  • Mistral, valued at $13.6 billion, targets a gigawatt of AI computing power by 2029.
  • It raised €1.7 billion and with EcoDataCenter pledged €1.2 billion for a data centre in Borlänge, Sweden, opening in 2027.
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