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OpenAI chooses Paris as its new home base

Web3/Crypto

Clara Chappaz | LinkedIn

By Crypto Republique

Nov 20, 2024

OpenAI, the world’s largest artificial intelligence company, has announced it will establish a new base in Paris.

Clara Chappaz, the newly appointed French Secretary of State for AI and Digital Assets, shared the news via a post on X. "The choice of Paris by OpenAI is a testament to France’s thriving tech ecosystem and forward-thinking policies in AI and digital technologies," Chappaz said.

Since 2017, France has seen over 10,000 investment projects, contributing to the creation or maintenance of more than 307,000 jobs, solidifying its position as a leading hub for business in the European Union.

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France’s regulatory framework has been a significant draw for tech companies, including those in emerging sectors like cryptocurrency. In recent years, several crypto companies have chosen France as a base to take advantage of a clear and predictable regulatory environment. According to a report by Coindesk, French officials have welcomed these firms, with the Secretary General of the Autorité des Marchés Financiers (AMF) saying, “In France, we are proud to be pioneers.”

According to the European Commission "the EU wants to be a leader in blockchain technology, becoming an innovator in blockchain and a home to significant platforms, applications and companies.” The European Commission is a strong supporter of the policy, legal and regulatory, and funding fronts of blockchain in Europe.

Chappaz, who took office in September 2024, has extensive experience in the tech industry, having previously worked as Director at La French Tech and Chief Business and Growth Officer for Vestiaire Collective. She also holds advanced degrees from Harvard Business School and Sciences Po Paris.

Organizations Included in this History

Openai

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