OVHcloud Plans 150 Million-200 Million Euro Frontier AI Push as Europe Seeks Second LLM Player
Updated
Updated · Reuters · Jun 17
OVHcloud Plans 150 Million-200 Million Euro Frontier AI Push as Europe Seeks Second LLM Player
3 articles · Updated · Reuters · Jun 17
Summary
OVHcloud said it will train frontier AI models and has already completed pre-training for a first model on Jupiter, Europe’s fastest supercomputer.
CEO Octave Klaba put the cost at 150 million to 200 million euros, arguing a new “second wave” of model builders can now enter a field that once demanded about 1 billion euros.
The French cloud group plans a family of models rather than a single system, said it will not use client data for training, and aims to open-source the models once performance is strong enough.
The move broadens OVHcloud beyond cloud services as European governments and companies look for alternatives to U.S. and Chinese AI systems, a push sharpened by Anthropic’s recent switch-off of top-tier models.
Will 'sovereign AI' truly protect European values or just create a less powerful echo of existing models?
With the EU AI Act looming, can Europe's new AI champion innovate without being shackled by regulation?
OVHcloud’s $200M Bet: Acquiring Dragon LLM to Lead Europe’s Sovereign AI Revolution in 2026
Overview
In June 2026, OVHcloud made a major investment by acquiring Dragon LLM, a French leader in generative AI models with a strong track record in developing specialized, sovereign solutions. This move marks OVHcloud’s commitment to building advanced AI capabilities, especially in verticalized agentic AI, to meet the rising demand for tailored and secure AI in Europe. Dragon LLM’s expertise in high-performance, cost-effective AI models and its focus on localized deployment perfectly align with OVHcloud’s strategy to deliver accessible, sovereign AI solutions for businesses, reinforcing its ambition to lead in the European AI landscape.