(FILES) The Ubisoft logo is seen at the Ubisoft E3 press conference in Los Angeles on June 10, 2019. French games giant Ubisoft on May 20, 2026 reported a record annual loss of almost 1.5 billion euros ($1.7 billion) for its 2025-26 financial year, in the midst of a far-reaching restructuring. The company had warned in January 2026 of a financial impact from its reorganisation, which has meant the cancellation of seven titles and delays to six more. (Photo by Robyn Beck / AFP via Getty Images)

CEO of the Iliad Group Thomas Reynaud speaks during a press conference to announce the creation of a consortium to support the bid for an European AI Gigafactory in France, in Paris on May 20, 2026. Named "AION," the consortium of 28 companies will submit a French proposal in response to a call for tenders from the European Commission, which is expected to be published shortly, with the aim of creating in Europe a handful of mega computing infrastructure projects that are essential for the development of AI. (Photo by Anne-Christine POUJOULAT / AFP via Getty Images)

CEO of the Iliad Group Thomas Reynaud looks on after a press conference to announce the creation of a consortium to support the bid for an European AI Gigafactory in France, in Paris on May 20, 2026. Named "AION," the consortium of 28 companies will submit a French proposal in response to a call for tenders from the European Commission, which is expected to be published shortly, with the aim of creating in Europe a handful of mega computing infrastructure projects that are essential for the development of AI. (Photo by Anne-Christine POUJOULAT / AFP via Getty Images)

CEO of Scaleway Damien Lucas speaks during a press conference to announce the creation of a consortium to support the bid for an European AI Gigafactory in France, in Paris on May 20, 2026. Named "AION," the consortium of 28 companies will submit a French proposal in response to a call for tenders from the European Commission, which is expected to be published shortly, with the aim of creating in Europe a handful of mega computing infrastructure projects that are essential for the development of AI. (Photo by Anne-Christine POUJOULAT / AFP via Getty Images)

General Manager of Bull Emmanuel Le Roux speaks during a press conference to announce the creation of a consortium to support the bid for an European AI Gigafactory in France, in Paris on May 20, 2026. Named "AION," the consortium of 28 companies will submit a French proposal in response to a call for tenders from the European Commission, which is expected to be published shortly, with the aim of creating in Europe a handful of mega computing infrastructure projects that are essential for the development of AI. (Photo by Anne-Christine POUJOULAT / AFP via Getty Images)

CEO of Scaleway Damien Lucas reacts during a press conference to announce the creation of a consortium to support the bid for an European AI Gigafactory in France, in Paris on May 20, 2026. Named "AION," the consortium of 28 companies will submit a French proposal in response to a call for tenders from the European Commission, which is expected to be published shortly, with the aim of creating in Europe a handful of mega computing infrastructure projects that are essential for the development of AI. (Photo by Anne-Christine POUJOULAT / AFP via Getty Images)

Global chief AI officer Capgemini Invent Etienne Grass speaks during a press conference to announce the creation of a consortium to support the bid for an European AI Gigafactory in France, in Paris on May 20, 2026. Named "AION," the consortium of 28 companies will submit a French proposal in response to a call for tenders from the European Commission, which is expected to be published shortly, with the aim of creating in Europe a handful of mega computing infrastructure projects that are essential for the development of AI. (Photo by Anne-Christine POUJOULAT / AFP via Getty Images)

CEO of the Iliad Group Thomas Reynaud looks on during a press conference to announce the creation of a consortium to support the bid for an European AI Gigafactory in France, in Paris on May 20, 2026. Named "AION," the consortium of 28 companies will submit a French proposal in response to a call for tenders from the European Commission, which is expected to be published shortly, with the aim of creating in Europe a handful of mega computing infrastructure projects that are essential for the development of AI. (Photo by Anne-Christine POUJOULAT / AFP via Getty Images)