Sovereign AI, the French artificial intelligence research laboratory, has secured a significant investment of €3 billion from private equity firms Samsung, Scaleup Europe, and PSG Equity. The funds will be used to further develop its cutting-edge AI technology, which is said to possess an unprecedented level of autonomy.
This move marks a major milestone in the development of sovereign AI, which is seen as having the potential to revolutionize various industries such as healthcare, finance, and transportation. Sovereign AI's AI system, dubbed "Morph," has been touted for its ability to learn from data and adapt to new situations without explicit programming.
The investment comes at a valuation of €21 billion, making it one of the largest series d deals in recent history. The funds will be used to expand sovereign AI's capabilities and accelerate its research efforts. With this influx of capital, the laboratory is poised to push the boundaries of AI development even further, with the potential to transform industries and create new opportunities for economic growth.