French billionaire Xavier Niel is investing €200mn in artificial intelligence, as one of the biggest names in European tech tries to ensure the region remains competitive in the innovation race with the US and China.
Niel’s telecoms group Iliad will invest across projects that include a cloud supercomputer powered by Nvidia, a research centre in Paris and an annual AI conference at Station F, Niel’s start-up campus in the French capital, the group announced on Tuesday.
“To influence the AI market, you need computing power. To have computing power, you need supercomputers. And to have supercomputers, you have to invest massively,” Niel said in a statement.
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