OVHcloud plans sovereign AI model and criticizes Mistral AI's business model

For the first time since its stock market listing, OVHcloud posts positive free cash flow of nearly 25 million euros on revenue above 1.14 billion euros. Training a frontier model still requires 150 to 200 million euros. Klaba faults Mistral for raising billions without profitability, though the start-up exceeds 300 million euros in annualized revenue. The model has yet to be tested on public benchmarks against rivals.

Source: ZDNet France, published on November 2, 2026.