Sam Fazeli

We've just conducted, it took us a long time to get this organized, a 600 plus C-suite survey for AI, which is published today.

10 or 12 questions general across the 600 folks and companies from about 1,000 individuals upwards, employees.

And then we went and segmented the companies into 10 buckets, one of which was pharmaceuticals.

So we have about 50 respondents.

And we will come back to that.

I'm going to do a webinar of our own with my colleague with our findings from what they said about the impact of AI that they are looking at within their companies.

But one of the key themes that seems to keep coming up is that the U.S.

seems to have pretty much, let's put China aside now because they have a different strategy that they're pursuing with NVIDIA, with the chat GPT, with OpenAI, with Anthropic, etc.

They seem to have sewn up the world of AI models, except for one company, which doesn't come up enough in my view, which is Mistral.

There is a model that's based out of France that is, I think a lot of people are using it and having very positive reaction to it, except that all the noise and news we hear is about OpenAI and Anthropic and all these companies and Gemini, et cetera.

So talk to this point to me, please.

When you look at your portfolio,

Do you find France specifically a strong candidate for generating these new tech ideas?

Do you find Europe particularly positive?

Are there pockets where you go, hey, we're doing really well here and it's under the radar, which is great for me to hear.

Or are you ending up doing 80% of your investments in the U.S.

?

How long have you been doing this?

Seven years.

And it's based on an LLM?