Fun

News Feed - 2023-09-26 10:09:09

Savannah Fortis10 hours agoFrench telecom group invests millions in local AI industryThe French telecom group Iliad revealed it has purchased one of Europe’s most powerful supercomputers and plans to create an AI research lab in Paris, among other developments.1492 Total views5 Total sharesListen to article 0:00NewsJoin us on social networksThe French telecommunications group Iliad announced on Sept. 26 that it plans to invest millions of euros to build up the French artificial intelligence (AI) industry. 


Iliad said it has already invested 100 million euros ($106 million) toward creating what it calls an “excellence lab” to be built in Paris dedicated to AI research. According to the announcement, a team of renowned researchers has already been set up, and Iliad chairman Xavier Niel will spearhead it.


Niel said an “entire ecosystem needs to be built up in France,” and the research lab will play 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.


In addition to the lab, Iliad has acquired what it deemed as “the most powerful cloud-native AI supercomputer deployed to date in Europe.” An Nvidia DGX SuperPOD equipped with Nvidia DGX H100 systems has been installed at the company’s Datacenter 5 near Paris.


Related: France launches a certificate for ‘finfluencers,’ including crypto


On acquiring the Nvidia supercomputer, Niel commented:“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.”


The company says the DGX SuperPOD produces the power necessary to rapidly train large language models (LLMs). 


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.


Damien Lucas, the CEO of Scaleway, said with these tools, European companies can “significantly” advance their innovations in AI to be competitive on an international level. 


This news comes shortly after European Commission President Ursula von der Leyen announced on Sept. 13 an initiative to help AI startups with accelerated access to supercomputers in Europe. 


Magazine:‘AI has killed the industry’: EasyTranslate boss on adapting to change# France# Business# Europe# Investments# Paris# AI# European UnionAdd reactionAdd reactionRead moreWhat is an atomic swap, and how does it work?Stablecoin exodus: Why are investors fleeing crypto’s safe haven?‘Massive’ crypto use cases to surface by 2030 — Coinbase exec

News Feed

JPMorgan Boss Jamie Dimon Warns ‘Something Worse’ Than a Recession Could Be Coming
JPMorgan Boss Jamie Dimon Warns "Something Worse" Than a Recession Could Be Coming JPMorgan CEO Jamie Dimon has shared his predictions for the U.S. economy, including a chance of &
Amaka Nwaokocha23 hours agoLawmakers probe Apple’s App Store policies on blockchain, NFTsTheir letter aimed to explore whether these guidelines might inadvertently hinder the progress and growth of cutting-edge innovat
CryptoAltum, The CFD Trading Platform With 1:500 Leverage
CryptoAltum, The CFD Trading Platform With 1:500 LeverageCryptoAltum, a popular MT5 platform, executes trades using market execution with all trades filled at the best available pri
Ordinals trader gets Bitcoin back after fat-fingered NFT purchase
Ezra Reguerra12 hours agoOrdinals trader gets Bitcoin back after fat-fingered NFT purchaseThe seller saw the buyer’s X post and decided to buy back the Bitcoin Ordinals NFT for the same amount of Bitcoin.2186 Total vie
Crypto Biz: Massive inflows to exchanges amid market turbulence
Ana Paula Pereira3 hours agoCrypto Biz: Massive inflows to exchanges amid market turbulenceThis week’s Crypto Biz examines Hong Kong’s crypto ETF market, Morgan Stanley’s green light for Bitcoin funds, Xapo Bank li
Kamala Harris knows crypto voters are up for grabs: New polls confirm
Bill Hughes10 hours agoKamala Harris knows crypto voters are up for grabs: New polls confirmNew polling suggests crypto voters could have a meaningful impact on the outcome of the election, and they"re still divided on w
Mexico Announces It Will Issue Its Own Digital Coin by 2024
Mexico Announces It Will Issue Its Own Digital Coin by 2024 The government of Mexico announced that the country’s central bank will issue its own digital currency. The state
Square Enix to Bring Dungeon Siege IP to The Sandbox
Square Enix to Bring Dungeon Siege IP to The Sandbox Square Enix, the Japanese game publishing and developing company, has announced a new deal with The Sandbox to allow one of its
ESG Study Shows Bitcoin Mining’s Potential to Eliminate 0.15% of Global Warming by 2045, Claims No Other Technology Can Do Better
ESG Study Shows Bitcoin Mining’s Potential to Eliminate 0.15% of Global Warming by 2045, Claims No Other Technology Can Do Better In recent times, the impact of bitcoin mining on
Strategist Expects US Recession by Year-End, Fed Tightening to Drag Down Economy
Strategist Expects US Recession by Year-End, Fed Tightening to Drag Down Economy Investment bank MPS Capital Services has warned that the U.S. economy will be in a recession by yea
Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023
Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023 The central bank of Georgia intends to publish a document detailing the concept of a national digital currency i
Is Bitcoin price bouncing at 57K? Here's why these levels are key
William Suberg9 hours agoIs Bitcoin price bouncing at 57K? Here"s why these levels are keyBitcoin is lingering near the $57,000 mark into FOMC, but is that the last the market will see when it comes to snap BTC price dow