Close Menu
  • Home
  • Business News
    • Entrepreneurship
  • Investments
  • Markets
  • Opinion
  • Politics
  • Startups
    • Stock Market
  • Trending
    • Technology
  • Online Jobs

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Tech Entrepreneurship: Eliminating waste and eliminating scarcity

July 17, 2024

AI for Entrepreneurs and Small Business Owners

July 17, 2024

Young Entrepreneurs Succeed in Timor-Leste Business Plan Competition

July 17, 2024
Facebook X (Twitter) Instagram
  • Home
  • Business News
    • Entrepreneurship
  • Investments
  • Markets
  • Opinion
  • Politics
  • Startups
    • Stock Market
  • Trending
    • Technology
  • Online Jobs
Facebook X (Twitter) Instagram Pinterest
Prosper planet pulse
  • Home
  • Privacy Policy
  • About us
    • Advertise with Us
  • AFFILIATE DISCLOSURE
  • Contact
  • DMCA Policy
  • Our Authors
  • Terms of Use
  • Shop
Prosper planet pulse
Home»Startups»Meta expands AI startup program in Europe
Startups

Meta expands AI startup program in Europe

prosperplanetpulse.comBy prosperplanetpulse.comJune 24, 2024No Comments3 Mins Read0 Views
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


Meta is Expanding The company rolled out its AI startup program across Europe, highlighting the potential for innovation and the growing influence of American technology companies in the artificial intelligence (AI) sector in the region.

The program is run in partnership with AI Platform Hugging Face Cloud Providers ScalewayThe initiative will select five startups to provide mentoring, tools and computing power. While supporters tout the initiative’s potential to accelerate AI development in Europe, the program also raises questions: Data Privacy and the long-term independence of the continent’s technology sector.

The program will run from September 2024 to February 2025 at the Station F campus in Paris and is open to applicants from across the European Union. Selected startups will: Meta’s Basic Artificial Intelligence Research Join (FAIR) Labs and get access to open source AI models. Llama.

Marco Pancini, head of EU affairs at Meta, described the program as an extension of the company’s open innovation efforts: “Meta has been a pioneer in open innovation in AI for over 10 years, and we are committed to providing public State-of-the-art “We have seen firsthand how AI models can impact entire communities,” he said. news release.

The program’s first cohort, launched in 2023, supported startups in the fields of robotics, retail technology and cybersecurity. Pollen Roboticsusing Meta’s Llama, segment anything model Develop an open source robotics platform. FlingandThe company develops body scanning technology for fashion retailers. Kevlar AIWe are focused on strengthening cybersecurity.

In a news release, HuggingFace CEO Clément Delange cited the program as evidence of “Europe’s incredible AI talent and passion for innovation driven by an open, collaborative approach.”

The expansion of the program Europe seeks to position itself as a responsible AI nation It aims to be an innovator while juggling complex relationships with major tech companies. The meta-driven program could accelerate Europe’s AI development and lead to breakthroughs across a range of fields. But it also highlights the region’s reliance on American tech expertise and infrastructure.

Scaleway’s involvement adds a European component to the effort: the company will provide high-performance computing resources, allowing startups to keep their data within EU borders. “Our cluster of thousands of NVIDIA H100 GPUs is the largest in Europe, enabling startups to reach new levels of innovation without ever taking their data outside the continent,” Scaleway CEO Damien Lucas noted in a news release.

The program is garnering interest among European startups as the application deadline approaches on Aug. 16. In a news release, Station F director Roxane Varza said Meta’s program has “quickly become one of the most popular on campus.”

Selected participants will receive valuable resources and mentorship, but the long-term impact on Europe’s AI ecosystem remains to be seen. Programs like this will likely continue to attract enthusiasm and scrutiny as Europe navigates a complex AI innovation landscape.

Subscribe for daily updates on PYMNTS AI. AI Newsletter.


Show More: AI, AI Startup Program, Artificial Intelligence, Clement Delange, Digital Transformation, FAIR Labs, Fundamental Artificial Intelligence Research, GenAI, Generative AI, Hugging Face, Marco Pancini, Meta, News, PYMNTS News, Scaleway, STATION F, What’s Hot



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
prosperplanetpulse.com
  • Website

Related Posts

Startups

Cryptocurrency: Asian and African startups surpass US in market share!

July 14, 2024
Startups

Nitin Kamath’s vision to create more startup entrepreneurs in small towns in India

July 14, 2024
Startups

Small Japanese startup makes “Her” AI dating a reality

July 14, 2024
Startups

22 Indian startups secure over $116 million in funding this week

July 14, 2024
Startups

Small businesses are coming back – and it’s finally time

July 14, 2024
Startups

Scaling smart: How startups balance speed and quality in product iterations for growth – SME News

July 14, 2024
Add A Comment
Leave A Reply Cancel Reply

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Editor's Picks

The rule of law is more important than feelings about Trump | Opinion

July 15, 2024

OPINION | Biden needs to follow through on promise to help Tulsa victims

July 15, 2024

Opinion | Why China is off-limits to me now

July 15, 2024

Opinion | Fast food chains’ value menu wars benefit consumers

July 15, 2024
Latest Posts

ATLANTIC-ACM Announces 2024 U.S. Business Connectivity Service Provider Excellence Awards

July 10, 2024

Costco’s hourly workers will get a pay raise. Read the CEO memo.

July 10, 2024

Why a Rockland restaurant closed after 48 years

July 10, 2024

Stay Connected

Twitter Linkedin-in Instagram Facebook-f Youtube

Subscribe