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I'm not sure that $113M is enough? They will also need to find a Tier 1 cloud partner but Azure and GCM are both taken.

Indeed. With all the costs we need to deal with here in Europe when running a company, there's zero chance anyone can afford to roll their own hardware for this without cash from the USA and that's not going to happen.

This company is dead before it got started. With the AI Act looming over it in the future even more so.

But maybe they will survive, by going to the USA.

Maybe they will team up with OVH

What is this hostility towards non-US companies I see on HN??

EU has a lot of small-medium companies in both AI and cloud and they are doing just fine. If anything, they are better at adapting to regulations compared to, say, openAI...

https://www.bbc.com/news/technology-65708114

Better at adapting to regulations is not the positive point that you think it is.

Because not being able to gets you what? A fraud trial (SBF and FTX), and SEC law suites (Coinbase and Binance)?

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