4 ms·

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

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-1-3-billion-for-start-up-with-singapore-as-key-base https://www.straitstimes.com/business/ai-godfather-raises-1-...

Signez 8mo ago
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.
- rubzah 8mo ago
  All your base are belong to Yann LeCun.
re-thc 8mo ago
> 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.
- Signez 8mo ago
  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…
  - kvgr 8mo ago
    There will be no corporate taxes for a long time, so alls good.
  - mi_lk 8mo ago
    Doesn’t he live in New York himself? Although not sure if that matters depending on his role
  - roromainmain 8mo ago
    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 8mo ago
      Is that alongside 100% of R&D expenses amortized in taxes when a company has taxable profit covering them?
      - roromainmain 8mo ago
        Yes indeed, if the company is profitable.
  - ttoinou 8mo ago
    No he said something like “well yes, only for the parts of profits made in France”
    - lotsofpulp 8mo ago
      Why would it be any other way?
      - ttoinou 8mo ago
        French people have this pipe dream all others french people to pay 75% of what they produce worldwide to pay for their retreats, hospital, useless schools system and all theirs “comité Théodule”
- Imustaskforhelp 8mo ago
  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 https://www.sgpbusiness.com/company/Sph-Media-Limited
- sofixa 8mo ago
  > Europe in general has been tightening up their rules / taxes / laws around startups / companies especially tech and remote. Like? Care to provide any specific examples? "Europe" is a continent composed of various countries, most of which have been doing a lot to make it easier for startups and companies in general.
deleted 8mo ago
[deleted]
stingraycharles 8mo ago
That's a Singaporian newspaper, though; not sure if it's objectively their main base, or just one of them
fnands 8mo ago
Probably just a satellite office. Might be to be close to some of Yann's collaborators like Xavier Bresson at NUS
throwpoaster 8mo ago
"Show me the incentive and I will show you the outcome." Almost certainly the IP will be held in Singapore for tax reasons.
RamblingCTO 8mo ago
Which would be a good idea, as a European. I'd hate to see the investment go to waste on taxes that are spent on stupid shit anyway. Should go into R&D not fighting bureaucracy.

Signez 8mo ago

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.

rubzah 8mo ago
All your base are belong to Yann LeCun.

re-thc 8mo ago

> 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.

Signez 8mo ago
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…
- kvgr 8mo ago
  There will be no corporate taxes for a long time, so alls good.
- mi_lk 8mo ago
  Doesn’t he live in New York himself? Although not sure if that matters depending on his role
- roromainmain 8mo ago
  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 8mo ago
    Is that alongside 100% of R&D expenses amortized in taxes when a company has taxable profit covering them?
    - roromainmain 8mo ago
      Yes indeed, if the company is profitable.
- ttoinou 8mo ago
  No he said something like “well yes, only for the parts of profits made in France”
  - lotsofpulp 8mo ago
    Why would it be any other way?
    - ttoinou 8mo ago
      French people have this pipe dream all others french people to pay 75% of what they produce worldwide to pay for their retreats, hospital, useless schools system and all theirs “comité Théodule”
Imustaskforhelp 8mo ago
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 https://www.sgpbusiness.com/company/Sph-Media-Limited
sofixa 8mo ago
> Europe in general has been tightening up their rules / taxes / laws around startups / companies especially tech and remote. Like? Care to provide any specific examples? "Europe" is a continent composed of various countries, most of which have been doing a lot to make it easier for startups and companies in general.

deleted 8mo ago

[deleted]

stingraycharles 8mo ago

That's a Singaporian newspaper, though; not sure if it's objectively their main base, or just one of them

fnands 8mo ago

Probably just a satellite office. Might be to be close to some of Yann's collaborators like Xavier Bresson at NUS

throwpoaster 8mo ago

"Show me the incentive and I will show you the outcome." Almost certainly the IP will be held in Singapore for tax reasons.

RamblingCTO 8mo ago

Which would be a good idea, as a European. I'd hate to see the investment go to waste on taxes that are spent on stupid shit anyway. Should go into R&D not fighting bureaucracy.