The context is that LLMs need a big up front capital expenditure to get started, because of the processor time to train these giant neural networks. This is a huge barrier to the development of a fully open source LLM. Once such a foundation model is available, building on top of it is relatively cheaper; one can then envision an explosion of open source models targeting specific applications, which would be amazing.

So if the bulk of this €300M could go into training, it would go a long way to plugging the gap. But in reality, a lot of that sum is going to be dissipated into other expenses, so there's going to be a lot less than €300M for actual training.