During a hearing at France's National Assembly on Wednesday, September 30, Octave Klaba, chairman and chief executive officer of OVHcloud, emphasized the importance of investing in artificial intelligence (AI). He warned that failing to do so could leave European companies at a disadvantage, as current AI technologies are largely developed by American and Chinese firms. Klaba noted that many innovations in AI are coming from China, raising questions about the stability of open-source technologies, many of which originate from there, and how companies might adapt in the future. Klaba highlighted that OVHcloud, which aims to achieve 2 billion euros in annual revenue, is working to become a major player in the development of European Large Language Models (LLMs), which are AI systems designed to understand and generate human-like text. He expressed concern over the lack of European companies willing to invest in AI technology, despite its growing use in businesses. According to Klaba, the underlying technology, rather than just its applications, is key to long-term success in the field. To strengthen its technological capabilities, OVHcloud has pursued a strategy of acquiring other companies. This approach is intended to support the development of its own AI models, which will be trained on internal data to enhance their performance in specific areas such as security, code development, and services related to finance, human resources, and legal matters. The company is aiming to create models tailored to these fields, which can then be offered to its customers. The ultimate goal of OVHcloud's efforts is to provide its clients with access to these specialized Large Language Models, enabling them to leverage AI for various business needs. By focusing on developing models from the ground up, OVHcloud hopes to establish itself as a significant competitor in the European AI landscape, challenging other companies such as Mistral, a French startup known for its own LLMs.