| ▲ | Brajeshwar 4 hours ago |
| There seem to be other news articles mentioning that they are setting up in Singapore as their base. https://www.straitstimes.com/business/ai-godfather-raises-1-... |
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| ▲ | Signez 4 hours ago | parent | next [-] |
| Hm, Singapour looks more like "one of their base"; they will have offices in Paris, Montréal, Singapour and New York (according to both this article and the interview Yann Le Cun did this morning on France Inter, the most listened radio in France). Of course, each relevant newspaper on those areas highlight that it's coming to their place, but it really seems to be distributed. |
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| ▲ | fnands 4 hours ago | parent | prev | next [-] |
| Probably just a satellite office. Might be to be close to some of Yann's collaborators like Xavier Bresson at NUS |
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| ▲ | 4 hours ago | parent | prev | next [-] |
| [deleted] |
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| ▲ | stingraycharles 4 hours ago | parent | prev | next [-] |
| That's a Singaporian newspaper, though; not sure if it's objectively their main base, or just one of them |
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| ▲ | throwpoaster 3 hours ago | parent | prev | next [-] |
| "Show me the incentive and I will show you the outcome." Almost certainly the IP will be held in Singapore for tax reasons. |
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| ▲ | re-thc 4 hours ago | parent | prev [-] |
| > they are setting up in Singapore as their base Europe in general has been tightening up their rules / taxes / laws around startups / companies especially tech and remote. It's been less friendly. these days. |
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| ▲ | Signez 4 hours ago | parent | next [-] | | Yann Le Cun litteraly said this morning on the radio in France that it is headquarted in Paris and will pay taxes in France. Go figure… | | |
| ▲ | roromainmain 3 hours ago | parent | next [-] | | For such companies, France also offers generous R&D tax credits (Crédit Impôt Recherche): companies can recover roughly 30% of eligible R&D expenses incurred in France as a tax credit, which can eventually be refunded (in cash) if the company has no taxable profit. | | |
| ▲ | storus 2 hours ago | parent [-] | | Is that alongside 100% of R&D expenses amortized in taxes when a company has taxable profit covering them? | | |
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| ▲ | ttoinou 3 hours ago | parent | prev | next [-] | | No he said something like “well yes, only for the parts of profits made in France” | |
| ▲ | mi_lk 4 hours ago | parent | prev | next [-] | | Doesn’t he live in New York himself? Although not sure if that matters depending on his role | |
| ▲ | kvgr 4 hours ago | parent | prev [-] | | There will be no corporate taxes for a long time, so alls good. |
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| ▲ | Imustaskforhelp 2 hours ago | parent | prev [-] | | This is a singaporean news article from a singporean company[0] (Had to look it up) As such, They are more likely to talk about singapore news and exaggerate the claims. Singapore isn't the Key location. From what I am seeing online, France is the major location. Singapore is just one of the more satellite like offices. They have many offices around the world it seems. [0]: https://www.sgpbusiness.com/company/Sph-Media-Limited |
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