Microsoft-supported AI company, Mistral, has announced the launch of a European AI cloud to contend key players like Amazon's AWS and Microsoft's Azure. Alongside, Mistral introduced its Magistral reasoning models capable of logical thinking in user's native language. Early testing of these models shows promising speed of response. The platform, Mistral Compute, driven by Nvidia's new Grace Blackwell chips, aims to address crucial concerns around ecological impact and data sovereignty, marking a significant stride in regional AI development.