Paris-based non-profit laboratory Kyutai was founded jointly by the iliad Group, the CMA CGM Group, and Schmidt Futures. The three organizations each contributed $110 million to fund the research facility, which is dedicated to open research in artificial intelligence (AI).

Kyutai’s objective is to tackle some of the main challenges of modern AI by developing large multimodal models and inventing new algorithms to enhance their capacities, reliability, and efficiency. The laboratory has already recruited a team of researchers with academic and business backgrounds.

Rodolphe Saadé, President and CEO of the CMA CGM Group, commented on the venture: “This new investment in artificial intelligence will provide opportunities for the younger generation to benefit from all that this technology has to offer. Thanks to Kyutai, researchers will have access to all the resources they need to create and invent the world of tomorrow. It’s an exciting venture that will bring together some of the world’s best experts to address the challenges of AI.”

Xavier Niel, Chairman and Founder of the iliad Group added: “Europe has everything it takes to win the AI race. Our researchers are known as being among the best in the world. We have all the computing power that we need. And we have a hyper-dynamic AI ecosystem. By creating an AI open research lab here in Paris, we are taking things up a notch even further.”

Patrick Pérez, CEO of Kyutai stated: “To achieve our ambitions, we are building an exceptional research team and immersing ourselves in some of

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