French telecom group invests millions in local AI industry

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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.

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