Latest news with #ChooseFranceSummit
Al Etihad
26-05-2025
- Business
- Al Etihad
G42, VivaTech alliance to power Europe's responsible AI innovation future
PARIS (WAM) G42 on Monday announced its participation to Viva Technology, Europe's biggest tech and startup event, as its Exclusive AI Champion Partner for the 2025 and 2026 editions of the event. The collaboration was formalised through a Memorandum of Understanding signed by the President of VivaTech and Chairman of the Supervisory Board of Publicis Groupe, Maurice Lévy, and the Group CEO of G42, Peng Xiao, at the Palace of Versailles during the Choose France Summit. This signing symbolises a new chapter of cross-continental cooperation uniting the ambition of France and the UAE to responsibly shape the global AI agenda. The partnership will emphasise key themes such as AI at scale, sovereign technologies, and trusted innovation ecosystems, underscoring G42's long-term commitment to building The Intelligence Grid, a globally interconnected ecosystem of infrastructure, platforms, and governance models that power responsible, sovereign, and inclusive AI. 'We are excited to partner with VivaTech at this historic inflection point,' said Peng Xiao, Group CEO of G42. 'Our shared mission is to unlock AI's transformative potential for innovation and competitiveness, and more importantly for equity, safety, and sustainability. From Paris to Abu Dhabi, this collaboration sends a clear signal: the future of AI must be built on trust, and it must serve all.' 'We are delighted to welcome G42 as our Exclusive AI Champion Partner for 2025 and 2026,' said Maurice Lévy, President of VivaTech and Emeritus Chairman of Publicis Groupe. 'Their vision and leadership in artificial intelligence align perfectly with VivaTech's mission to showcase the technologies and partnerships shaping the future. Together, we will build new bridges between Europe and the Middle East and spark vital conversations on innovation and impact.' This collaboration will include joint innovation showcases, high-level policy discussions, and startup-led initiatives focused on building a future based on trust, security, and sustainability. VivaTech 2025 will take place from 11th to 14th June in Paris, marking the ninth edition of the event.
Yahoo
20-05-2025
- Business
- Yahoo
MGX, Nvidia, and partners to build Europe's 'largest' AI campus
United Arab Emirates' MGX and technology giant Nvidia have formed a joint venture (JV) with French entities to construct Europe's 'largest' AI campus near Paris, France. The announcement was made at the Choose France Summit in Versailles, with the campus projected to have a capacity of 1.4GW. Construction on the AI campus is planned to commence in the second half of 2026, with the goal of launching operations by 2028. Joining the JV are French national investment bank Bpifrance, and generative AI company Mistral AI. Other partners in the JV include the low-carbon energy firm EDG Group, Sipartech, France's national electricity transmission operator RTE, French engineering group Bouygues, and the engineering university Ecole Polytechnique. NVIDIA CEO Jensen Huang said: "The AI Campus will be a transformational infrastructure for France - built in France, to fuel France in the era of AI. It will revolutionise science, education, and industry." With a strategic location that taps into France's research and innovation ecosystems, the campus will include advanced computing infrastructure, experimentation facilities, and environments conducive to real-world development. The open platform will encompass sovereign cloud integration, exascale-class computing, and low-carbon hyperscale data centres optimised for AI. It aims to facilitate large-scale AI adoption in sectors such as healthcare, mobility, energy, finance, and manufacturing, while advancing Europe's digital and climate sovereignty. Bpifrance CEO Nicolas Dufourcq said: 'Bpifrance is proud to co-found this transformative European AI Campus with MGX. The Campus strengthens our technological sovereignty and reinforces France's position as a global AI leader.' MGX managing director and CEOAhmed Yahiasaid: 'The France AI Campus will accelerate breakthroughs across science, education, public services, and business, fuelling Europe's next wave of innovation.' This initiative follows AI cooperation agreements endorsed by UAE President Sheikh Mohamed bin Zayed Al Nahyan and French President Emmanuel Macron at the AI Action Summit help in February 2025. In an another development, Nvidia is planning to offload a technology that will tie chips together to accelerate the chip-to-chip communication required for the development and deployment of AI tools, reported Reuters. The company recently launched a new version of its NVLink tech, called NVLink Fusion. This development is targeted at other chip designers, aiming to assist them in constructing custom AI systems that feature a network of interconnected chips. "MGX, Nvidia, and partners to build Europe's 'largest' AI campus" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
France 24
20-05-2025
- Business
- France 24
'19 months into a genocide: The intent from the Israeli side is to ethnically cleanse Palestinians'
06:25 20/05/2025 Rethinking management of natural resources: Filtration of bottled water just the tip of the iceberg 20/05/2025 Gaza: International pressure mounts in Israel 20/05/2025 The first humanitarian trucks allowed into Gaza after 3 months without aid 20/05/2025 EU leaders to pressure Russia with more sanctions 20/05/2025 Trump administration to pay $5 million to family of woman shot at US Capitol riot 20/05/2025 Strikes kill scores in Gaza as Israel ramps up 'extensive' ground offensive 20/05/2025 Israel recovers possessions linked to Eli Cohen, a spy executed in Syria in the 1960s 20/05/2025 Choose France Summit: Indonesia eyes new markets and strategy to navigate Trump's trade war 20/05/2025 In Barcelona, the price of coffee rises the longer you stay on the terrace
France 24
20-05-2025
- Business
- France 24
Gaza: International pressure mounts in Israel
03:59 20/05/2025 The first humanitarian trucks allowed into Gaza after 3 months without aid 20/05/2025 EU leaders to pressure Russia with more sanctions 20/05/2025 Trump administration to pay $5 million to family of woman shot at US Capitol riot 20/05/2025 Strikes kill scores in Gaza as Israel ramps up 'extensive' ground offensive 20/05/2025 Israel recovers possessions linked to Eli Cohen, a spy executed in Syria in the 1960s 20/05/2025 Choose France Summit: Indonesia eyes new markets and strategy to navigate Trump's trade war 20/05/2025 In Barcelona, the price of coffee rises the longer you stay on the terrace 20/05/2025 Putin says Russia is ready to work to end fighting in Ukraine after call with Trump 20/05/2025 Israel aid to Gaza is a 'drop in the ocean', UN says
Yahoo
20-05-2025
- Business
- Yahoo
Circ to Launch First Commercial-Scale Facility in France
Danville, Va.-based polycotton recycling innovator Circ is expanding its operations and launching its first commercial-scale facility in France. The group announced Monday that construction on the 450-million-euro facility, to be located in Saint-Avold, will begin in 2026, with operations targeted to commence in 2028. According to Circ, the plant, which will recycle post-consumer and post-industrial polycotton textile waste into new materials, will employ 200 individuals through direct and indirect jobs. More from Sourcing Journal Chemical Textile Recycler Eeden Closes $20M Funding Round How Fashion Weeks Can Drive Real Sustainability Material World: Still Burning Bras? You Can Bury Balena's Once operations have ramped up, the facility will be able to recycle 70,000 metric tons of blended textiles each year, Circ estimates. The project was first announced by French President Emmanuel Macron's administration at the 2025 Choose France Summit, an annual economic development conference. The effort is backed by national, regional and European Union incentives and supported by engineering partners including Worley, GEA, and Andritz. In a statement, Circ said the French outpost was conceived as a commercial flagship precipitating future global expansion. 'This is the moment we've been building toward since Circ was founded,' Peter Majeranowski, the firm's president, said Monday. 'Our first full-scale facility will push circular fashion over the critical tipping point in the global economy, proving that the future of textiles can be decarbonized, closer to waste-free, and regenerative by design,' he added. 'It's not just a major milestone for Circ, but a breakthrough for the entire circular economy at a time when the planet urgently needs scalable climate solutions.' According to the executive, France was an attractive location for Circ's first full-scale plant because of its existing industrial base as well as its progressive circularity policymaking. The country has demonstrated a commitment to sustainable innovation and has a deep heritage in fashion. The Saint-Avold region is strategically located and boasts a skilled workforce and mature logistics infrastructure. Over the course of the coming years, Circ said it plans to model additional facilities—likely located in North America and Asia—after this preliminary project. The company's patented hydrothermal technology separates and recovers polyester and cotton from blended textiles, which make up 77 percent of the global textile market. Last month, Circ entered into a strategic agreement with longtime partner Acegreen Eco-Material Technology Co., a producer of cellulose filament products. The Taiwanese firm committed to purchase Circ's recycled pulp over the course of five years to produce lyocell fibers that apparel brands can integrate into their existing supply chains. Acegreen's parent company, Acelon, also committed to buy Circ's recycled polyester to support the production of filament fibers over the same five-year period. Earlier this year, the advanced recycler secured $25-million in oversubscribed funding, led by asset management company Taranis and its Carbon Ventures fund. Circ also received continued support from existing strategic investors Inditex and global materials science firm Avery Dennison.
