Geneva-based Proton decides to invest 100 million outside Switzerland, considering the situation in the country too risky
This article is written by Anouch Seydtaghia for Le Temps in French. Below is a translated version.
The Geneva-based tech company Proton, with 100 million users on the planet, is now doubly in the spotlight. First, there is the launch of its own generative artificial intelligence, called “Lumo”, ensuring absolute confidentiality for Internet users. But that’s not all. In an interview with Le Temps, Andy Yen, director of Proton, announces that his company is freezing investments in Switzerland. Because of the risks generated by a revision of ordinances on the surveillance of correspondence by postal and telecommunications, the company no longer invests in Switzerland. Conversely, it will spend 100 million francs in data centers in Germany and Norway. Andy Yen details this choice and its immense ambitions to become Google’s European competitor.
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