Billionaire Xavier Niel Invests €200 Million in French AI Push
- The tycoon plans a future research lab to be located in Paris
- His cloud group partners with Nvidia for supercomputing power
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Billionaire Xavier Niel is investing €200 million ($212 million) in artificial intelligence, split between a future research lab to be located in Paris, cloud supercomputing capabilities powered by Nvidia Corp. hardware, and funding for startups.
The effort aims to lure top French AI engineers — who left to work for big tech firms — back to their home country, where they can build AI products to rival the likes of OpenAI, Niel said in an interview.