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Fortune
Fortune
Prarthana Prakash

French tech mogul Xavier Niel warns that Europe will be reduced to an ‘abandoned’ continent if it misses this crucial opportunity

(Credit: Joel Saget—AFP/Getty Images)

If there's anything buzzy in the tech world, chances are Xavier Niel has caught wind of it. The hacker turned entrepreneur owns a sprawling telecom empire, sits on TikTok parent ByteDance’s five-member board, and is a major startup champion, counting French darling Mistral AI among his investments. 

The billionaire has had a keen eye on tech developments throughout his career. But he has also witnessed Europe slip behind the U.S. and China in innovation. 

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