The chairman of CMA CGM, Rodolphe Saadé, is using the company’s record-breaking annual profits to invest in ventures outside of its core container shipping segment. These investments include building a media division and an air cargo business, as well as a foray into artificial intelligence.
Saadé, alongside Eric Schmidt and Xavier Niel, has unveiled Kyutai, an AI open science lab that aims to tackle the main challenges of modern AI. The laboratory will use the computing power made available by Scaleway, part of Niel’s tech empire, with the highest-performance computing power for AI applications deployed in Europe.
Kyutai has received nearly EUR300m in investments so far and is committed to democratizing AI and sharing its advances with the entire AI ecosystem. Saadé expressed his desire for the younger generation to benefit from the opportunities of AI through Kyutai and emphasized that joining forces is the best way to prepare for the future in the realm of AI.