French telecom group invests millions in local AI industry

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Xavier Niel the chairman of Iliad said an entire AI ecosystem needs to be built up in France and that the company has already invested $100 million euros in a forthcoming research center.

on Sept. 26 that it has plans to invest millions to build up the local French artificial intelligence industry.

Niel said an “entire ecosystem needs to be built up in France” and the research lab will be playing a role in that. The lab's main purpose will be to build general AI to bring to “everyone’s reach” and make AI research publicly available. “To have clout in the AI market, you need computing power. To have computing power you need supercomputers. And to have supercomputers you need to invest. To invest massively.”

Additionally, a subsidiary company of Iliad called Scaleway now plans to offer its clients access to a full suite of cloud-native AI tools, such as the ability to train various-sized models.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines