French AI startup Mistral plans to invest in building its first data center in France to gain control over data storage and processing capabilities.
Mistral's goal is to manage the entire AI value chain, from hardware infrastructure to software.
The company recently released an AI assistant called Le Chat, which can respond to user questions with 1,000 words per second.
Mistral is also expanding globally and preparing for an IPO, with plans to open a new office in Singapore and strengthen its presence in the Asia-Pacific market.