FTA:

> So Mistral is developing its own data centers, starting with one outside Paris. Mensch projects it will have 200 megawatts of capacity by the end of 2027. Power from France’s state-owned nuclear plants will help, but the buildout could still cost an estimated $5 billion. Mensch tapped oil-rich Abu Dhabi and reportedly sought debt financing to help pay for it.

Though to your point it won't be running until 2027.

Compared to US datacenter buildout, it’s probably much more likely to actually go online..

Yes, I think the EU is going to be dependent on US tech (other than EUV lithography machines, very cool) for very long time. Even those data centres, while run by Europeans, are still being made with almost entirely US tech. But at least the EU companies can borrow some oil money and buy in the stuff developed by someone else's R&D spend, which is a nice shortcut to have available.