France unveils €109 billion AI investment plan

Energy News Beat

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President Macron said France will attract €109 billion in data centres and AI projects “in the coming years,” making it the first European country with AI infrastructure on par with the US and China.

Ahead of the Artificial Intelligence Action Summit starting today in Paris, France is going all in to address Europe’s irrelevance in AI, reaching an investment scale unseen in the region.

On Friday, Elysée Palace announced that the United Arab Emirates would invest €30 to €50 billion to build a huge data centre in the country.

This was followed up by Canada’s Brookfield Corporation announcing a €20 billion investment in AI infrastructure, while Macron said during an interview with France 2 TV on Sunday that France will reach a total of €109 billion for AI, with expected investments from French companies Iliad SA, Orange SA and Thales SA .

“The key message we want to send is: France and Europe are credible on AI, and we believe in it,” Macron said.

‪Théo Bourgery-Gonse‬ contributed to this reporting.“}]] 

The post France unveils €109 billion AI investment plan appeared first on Energy News Beat.

 

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