Investment to accelerate France's digital transformation and economic growth with a focus on new hires, AI private cloud services and a digital hub in Sophia-Antipolis

As part of "Choose France," Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, announced that it will invest up to €100 million over three years in France to strengthen the country's capabilities in data, artificial intelligence (AI) and cyber resilience.

"I welcome the decision by Kyndryl, a leading player in enterprise technology services, in the expansion of their activities in France. This investment reflects the strength of our ecosystem, and the confidence France inspires when it comes to supporting ambitious technology projects. This initiative, facilitated by the teams of Business France, further reinforces our position as a leading innovation hub — built on world-class talent, a clear vision, and a stable, forward-looking environment," said Marie-Cécile Tardieu, Chief Operating Officer of Business France.

"Today's investments and initiatives aim to prepare the French economic fabric to face the challenges of tomorrow and remain competitive on the international stage," said Jérôme Calmelet, Kyndryl France President. "Kyndryl is committed to supporting French companies in their digital transitions and contributing to economic growth and innovation in France."

Kyndryl's investment embraces France's ambition to deploy new technologies and grow talent and skills for economic growth and competitiveness—and seeks to support the in-demand skills for the businesses of the future. The investment plan includes:

• The hiring of up to 300 experts and leaders in data, AI, and cyber resilience to guide and support existing and new customers in France, enhancing their enterprise readiness for future business risks and opportunities.
• The launch of an AI private cloud for French customers that want to speed-up the development and deployment of enterprise AI solutions in a secure environment. Kyndryl's suite of AI private cloud services and consulting expertise are designed to deliver a seamless, end-to-end experience for enterprise-grade AI solutions – from design and rapid development to full operation.
• A new digital hub dedicated to AI & cybersecurity in Sophia-Antipolis bringing global expertise to partner and innovate with organizations in France. In partnership with graduate schools and research centers, the digital hub will also welcome students and provide career opportunities in the areas of AI and cybersecurity.

In recent research, Kyndryl cited that only 28% of French business leaders say their workforces are completely ready to take advantage of AI, and half (50%) report there is a lack of skilled talent to manage the technology. Today's announcement demonstrates Kyndryl's commitment to build the critical skills, talent and IT infrastructure needed to advance France's technology agenda.