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Europe's answer to OpenAI announces billion-dollar AI infrastructure push in Sweden [CNBC]

Microsoft Corporation (MSFT)  More Company Research Source: CNBC
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
Key Points It comes as Europe scrambles to build out the infrastructure needed to power rapidly developing AI tools. Mistral raised a 1.7 billion euro funding round in September, hitting an 11.7 billion euro valuation. French AI startup Mistral said on Wednesday it will invest 1.2 billion euros ($1.43 billion) into digital infrastructure in Sweden, including AI data centers. The announcement comes as Europe scrambles to build out the infrastructure needed to power rapidly developing AI tools, as it seeks to build tech sovereignty amid rising geopolitical tensions. The funds will facilitate the development of AI data centers, advanced compute capacity and localized AI capabilities, Mistral said. Founded in 2023, Mistral has emerged as one of Europe's leading AI companies and raised a 1.7 billion euro funding round in September, hitting an 11.7 billion euro valuation. Dutch chip equipment maker ASML contributed 1.3 billion euros to the round. The company also counts big t [Read more]
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Stockreport

Europe's answer to OpenAI announces billion-dollar AI infrastructure push in Sweden [CNBC]

Microsoft Corporation  (MSFT) 
More Company Research Source: CNBC
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
Key Points It comes as Europe scrambles to build out the infrastructure needed to power rapidly developing AI tools. Mistral raised a 1.7 billion euro funding round in September, hitting an 11.7 billion euro valuation. French AI startup Mistral said on Wednesday it will invest 1.2 billion euros ($1.43 billion) into digital infrastructure in Sweden, including AI data centers. The announcement comes as Europe scrambles to build out the infrastructure needed to power rapidly developing AI tools, as it seeks to build tech sovereignty amid rising geopolitical tensions. The funds will facilitate the development of AI data centers, advanced compute capacity and localized AI capabilities, Mistral said. Founded in 2023, Mistral has emerged as one of Europe's leading AI companies and raised a 1.7 billion euro funding round in September, hitting an 11.7 billion euro valuation. Dutch chip equipment maker ASML contributed 1.3 billion euros to the round. The company also counts big t [Read more]
IMPACT SNAPSHOT
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MSFT
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LAST PRICE AT
NEWS EVENT
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Multi-day stock performance from the time of the news release
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%
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Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
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