France Secures €110 Billion in AI Investments at Paris AI Summit
French President Emmanuel Macron announced a record €109 billion ($112 billion) in investment pledges to strengthen France’s artificial intelligence (AI) ecosystem during the Paris AI Summit. These commitments highlight France’s ambition to position itself as a global AI leader.
Key investments include:
- Brookfield: The Canadian investment firm plans to invest €20 billion in AI projects in France.
- United Arab Emirates: Pledged up to €50 billion in AI-related investments over the coming years.
- Amazon: Part of a €6 billion cloud infrastructure investment in France by 2031, with €1.2 billion already committed.
- Apollo Global Management: Allocated an initial $5 billion for AI-driven energy projects.
- Digital Realty: Plans to expand its data center presence in Paris and Marseille, with investments reaching up to €6 billion.
- Equinix: Committed €630 million as part of a €750 million initiative to establish 11 data centers across France.
- Fluidstack: Signed an MoU to develop one of the world’s largest AI supercomputers, with an initial €10 billion investment, powered by French nuclear energy.
- Mistral AI: Backed by Nvidia, the French AI startup aims to launch Europe’s largest supercomputer and deepen collaborations with Veolia and Dassault Systèmes.
These investments mark a major step in France’s AI ambitions, fostering innovation, cloud computing, and supercomputing advancements.
($1 = 0.9698 euros)
Source: The Economic Times
