Meta announces open source AI program to bolster competitiveness of European startup firms

(MENAFN) On Monday, Meta announced the launch of an innovative open source artificial intelligence program in France, aimed at bolstering the competitiveness of European startup companies. According to Meta, these startups have been struggling to maintain their competitive edge in the global market. Nick Clegg, Meta's Head of International Affairs, highlighted the urgency of the situation, stating, "We are facing a real problem in Europe, as the United States and China are overtaking us very quickly." He emphasized that for too long, Europe's role was perceived to be primarily regulatory, while China was seen as an imitator and the United States as the primary innovator. Clegg stressed the need for Europe to shift focus towards fostering innovation, entrepreneurship, and collaborative efforts between tech giants and startups, aligning with the objectives of this new program.

The program, launched in collaboration with Skyway—a subsidiary of Elled providing cloud computing services—and the French company Hugging Face, known for its collaborative platform for AI models, aims to support five European startups from September 2024 to February 2025. A statement from Meta detailed that participating companies will receive technical guidance from researchers at FAIR, Meta's AI research lab, and will gain access to Hugging Face's platform and tools, as well as the computing power provided by Skyway. This initiative is designed to create a synergy between large technology firms and emerging startups, promoting innovation and entrepreneurship within the European tech landscape.



Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.