AI (artificial intelligence) will enter the Paris Stock Exchange!: the council of the day

The compartment of listed companies of artificial intelligence will soon expand, on the Paris Stock Exchange, with substrate AI.The American-Spanish company specializes in artificial intelligence (AI) with applications in human resources and Agritech (technologies linked to agriculture), Fintech / INSURETECH (technologies linked to finance and insurance)and the energy transition.The company uses artificial intelligence to promote an economy that better respects the environment, but also offers better support for employees to the future.

For example, in Agritech, AI AI AI solutions allow optimized dairy production, for breeders, "hence better profitability for them and fewer drugs for animals, which promotes their good-to be ”, underlines Christopher Dembik, director at Saxo Banque and on the board of directors of this American-Spanish company.AI substrate also allows, among other things, to better deal with changes in the labor market.Its solutions make it possible, for example, to identify employees deserving to be promoted or the training needs of certain employees, "said the expert.The company already has Mapfre, n ° 1 of insurance in Spain, among its partners.

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How does substrate AI differ from competition?

AI substrate solutions are better suited to the needs of the customer than those of competitors, judges Christopher Dembik, because unlike the latter, machine learning technology of substrate ai “allows customers to adapt to unforeseen events or a situationwhich evolves.It is a real vector of differentiation, "pleads the expert.

Who are the competitors of substrate ai?

There is "a myriad of actors" evolving on the AI substrate market, "sometimes European, but essentially Anglo-Saxon", reports Christopher Dembik.But substrate "has the advantage of covering many slots, unlike most of these actors.In addition, the group avoids its customers to bear the cost of a real team of Data Scientists internally, which only a large company can afford, "said the expert.

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Why an IPO?

Substrate AI will be one of the few artificial intelligence companies to land on the Paris Stock Exchange this year.This operation "emanates from a desire for management to gain transparency, visibility towards customers.For a customer, delivering your data to substrate AI is an operation deemed sensitive.With the IPO, customers will be able to better appreciate activities, accounts ... and therefore the solidity of the company to whom they entrust their data.It’s likely to reassure them, ”pleads Christopher Dembik.

And why on the Paris Stock Exchange?

A American-Spanish company, Ait AI “had initially considered turning, naturally, to the Madrid Stock Exchange.But the choice of the Paris Stock Exchange finally won.Indeed, in Europe, the Parisian market has the best liquidity, for listed companies of artificial intelligence.The Paris Stock Exchange is therefore a entire destination found for a major European actor in AI, "says Christopher Dembik.

What valuation is envisaged for the IPO?

While the IPO should take place in a few weeks, the market capitalization should a priori are around 0.2 billion euros, "or 30 times the turnover of 7 million euros expected for 2021.It is a multiple identical to that of Aeternal Mentis, which has made its IPO this year too, and which is a software company, ”notes Christopher Dembik.

Regarding the IPO expected at 0.2 billion, while technological values “are too often overvalued during their IPO”, substrate Ai “has chosen an indicative range voluntarily littlehigh, in order to promote good start on the stock market, for the first quotation sessions.The group's strategic plan is deliberately conservative (prudent, editor's note), including on the expected gains of new customers, ”says Christopher Dembik."We have had good echoes with institutional investors, who seem to appreciate the diversity of segments on which the AI AI AI applies and the conservative aspect of the planned valuation elements," reports the expert.

What are the ambitions of substrate ai?

Substrate AI wants to be a heavyweight of artificial intelligence in Europe, with a turnover expected at 23 million euros in 2024, an almost tapping in three years, for 3.000 customers hoped for this horizon.“The group wants to develop in France, among other things.He notably wants to ally himself with a hexagonal university and integrate his start-up incubator in AI.AI substrate should benefit from the important AI needs of Agritech and Human Resources.On the front of renewable energies, substrate AI has already made an agreement with Canadian Solar and is currently looking to work with a government in southern Europe.But negotiations with a state are traditionally longer to carry out, ”says Christopher Dembik.

How to participate in the IPO?

Individuals who want to participate in the IPO will be able to do so, by reserving by internet via their online broker, or via their bank, via an open price offer (OPO), in a few weeks.

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