CEO of the Iliad Group Thomas Reynaud speaks during a press conference to announce the creation of a consortium to support the bid for an European AI Gigafactory in France, in Paris on May 20, 2026. Named "AION," the consortium of 28 companies will submit a French proposal in response to a call for tenders from the European Commission, which is expected to be published shortly, with the aim of creating in Europe a handful of mega computing infrastructure projects that are essential for the development of AI. (Photo by Anne-Christine POUJOULAT / AFP via Getty Images)