00:00I think Europe lost many races, despite the fact we have talents and we have electricity, we have the raw
00:08components, and we lost many races, including the probably LLMs.
00:14Hopefully with World Model, we won't be behind and we will be the frontier.
00:21So we are trying to build a global company. We have a research office in Paris, in New York, in
00:27Montreal, in Singapore.
00:29And I think this being a non-U.S., non-Chinese frontier lab is very meaningful.
00:37You have spent a significant part of your career in the U.S., at Meta, notably, of course.
00:44You just said Europe has lost and lost a lot. Why does Europe keep losing and how do we ensure
00:49we don't lose again?
00:53Maybe we are not ambitious enough. We are afraid, I don't know.
00:58We don't have the same relationship with risk.
01:04And everybody told us, you know, it's impossible to raise a one billion seed round in Europe, and it was
01:09possible.
01:10So maybe we don't try. We just don't try.
01:12What stops Anthropic or OpenAI or Google doing World Models and competing with you head on?
01:18So they are running a different race. You know, they have to be OpenAI, have to be better than Anthropic,
01:24and they have to be better than Google.
01:26And so they are fighting another race. They are very focused on that, as they should be.
01:33They still have some improvement margin on LLMs, and so they cannot focus on 10 things at once.
01:40So this is, I think, we still have a little bit of time where we can, you know, get some
01:48momentum.
01:49And because we only do this, we do nothing else.
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