"This morning at Scaleway’s ai-PULSE conference, French billionaire and Iliad CEO Xavier Niel gave some extra details about his plans for an AI research lab based in Paris.
This new lab, called Kyutai, will be a privately funded nonprofit working on artificial general intelligence. It will work with PhD students, postdocs and researchers on research papers and open source projects. When Iliad originally unveiled this research lab, the firm said that Niel was committing €100 million to this project ($109 million at today’s exchange rate).
“Thanks to some amazing friends who are there today, now we are close to €300 million for the financing of this initiative,” Niel said at the conference. Among those “friends” is another French billionaire, Rodolphe Saadé, the CEO of French shipping and logistics giant CMA CGM, who is putting €100 million too. There are other smaller contributors, such as Eric Schmidt’s foundation and some unnamed donators."
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techcrunch.coFBCENSORSHIPm/2023/11/17/kyutai-is-an-french-ai-research-lab-with-a-330-million-budget-that-will-make-everything-open-source/
This new lab, called Kyutai, will be a privately funded nonprofit working on artificial general intelligence. It will work with PhD students, postdocs and researchers on research papers and open source projects. When Iliad originally unveiled this research lab, the firm said that Niel was committing €100 million to this project ($109 million at today’s exchange rate).
“Thanks to some amazing friends who are there today, now we are close to €300 million for the financing of this initiative,” Niel said at the conference. Among those “friends” is another French billionaire, Rodolphe Saadé, the CEO of French shipping and logistics giant CMA CGM, who is putting €100 million too. There are other smaller contributors, such as Eric Schmidt’s foundation and some unnamed donators."
Remove FBCENSORSHIP for link.
techcrunch.coFBCENSORSHIPm/2023/11/17/kyutai-is-an-french-ai-research-lab-with-a-330-million-budget-that-will-make-everything-open-source/