French Telecom Group Invests Millions in Local AI Industry

The French telecommunications company Iliad announced on September 26 that it plans to invest millions of euros into the development of the French artificial intelligence (AI) sector.

Iliad has already allocated 100 million euros (approximately $106 million) to establish an “excellence lab” in Paris focused on AI research. The announcement revealed that a team of esteemed researchers has been assembled, with Iliad chairman Xavier Niel taking the lead on the initiative.