Mistral is emerging as the pillar of European artificial intelligence. A few weeks ago we said that the French startup had raised another 830 million dollars to create AI data centers in Europe. Arthur Mensch is the CEO of the company and, for some time now, he is establishing himself as one of the powerful voices within the initiative of European technological sovereignty. His new warning is that Europe cannot be a “vassal state” of the United States and he has published a roadmap so that Europe leads AI.
It won’t be easy.
European swerve. There are those who complain that everything cannot be politics, but really politics is something that permeates many layers and the European turn in search of technological sovereignty has a lot to do with this. It is something that has coincided with the return of Donald Trump because Europe has realized that, between threats and the “I invaded Greenland”, can’t trust his ally.
With American technology companies very involved in the ideology set by their Government, there is a demand for sovereign European alternatives that do not depend on American Big Tech nor how they may process your sensitive data. What happens with rockets, satellites, chips and even with Microsoft Office. And AI is no exception.
Measures. That’s right where it comes into play. Mistral. As the greatest exponent of European AI (within the Generative AIsince we also have the suite from the Spanish Freepik as one of the most important companies in this field), Mistral and its CEO are voices with a certain weight when it comes to talking about what seems to be the only topic of conversation in recent months. And Mensch has clear that Europe cannot be a “vassal” of US technology companies.
For this reason, they have published “European AI: a roadmap to lead it”, a long document in which it urges the institutions of the European Union to speed up procedures and permits to take advantage of its single market position of more than 450 million people and combine the talent of different countries at the service of AI. From European AI, of course. The premises are clear:
- Attract and retain talent.
- Unlock the full potential of the single market.
- Embrace European AI on all economic fronts.
- Empower Europe with critical infrastructure for AI.
80%. Each of the measures has a series of points that detail what the optimal way to proceed would be (according to Mistral) to achieve European leadership and stop depending on foreign technology. And one of the points to keep in mind is that Europe has the possibility of commanding, but it faces a devastating fact: 80% of the digital infrastructure continues to depend on non-EU providers.
To put it down: if a ministry needs an office suite, turn to Google or Microsoft. If a hospital needs an AI, goes to ChatGPT or Huawei. If we limit ourselves to AI, Mistral estimates that only 20% of EU companies have adopted AI and that only 11% of SMEs take advantage of its potential.
slap on the wrist to regulatory Europe. What they point out is that this situation makes us vulnerable to extraterritorial controls that put the strategic autonomy of the member countries in check. They defend that this roadmap is not a theoretical exercise, but rather something practical that is based on three key principles:
- Action over theory.
- Unity against the fragmentation of each of the governments.
- And the most important: the speed is questionable. We must find quick ways to attract talent and capital so that the most innovative in Europe are not left behind, trapped in regulations that take time.
Ambition. They warn that it is something with potential not only for Mistral, but for the entire ecosystem, an ecosystem in which Mistral is already very, very well positioned. Part of the 830 million they have raised will go to their facilities near Paris where there will be 13,800 NVIDIA GB3000 chips (You can’t become independent from NVIDIA…), but it won’t be the only one.
By 2027 they hope to have a €1.2 billion facility in Sweden with 23 MW of computing capacity. In total, they hope to achieve 200 MW of capacity by the end of next year. It is very, very far from China and, above all, from the United States, but although the distance is enormous, it is an important step.
The B side of the matter. Now, everything has a twist, and the twist of this enormous amount of money is that this round is not venture capital, but debt financing. The main French banks have lent this money to create data centers and, while the risk capital is not returned, the debt is, and with interest.
It doesn’t matter if Mistral’s move turns out well or not, even if the AI bubble bursts: the banks that have lent the money expect to receive it with the aforementioned interest regardless of how business goes. It is an added pressure for the company, but also a sign that they trust in what they are building.
GIPHY App Key not set. Please check settings