France Invests €109B in AI, Macron's "Stargate" Project
1min read France has announced a significant investment of €109 billion in the artificial intelligence (AI) sector, a move that President Emmanuel Macron has likened to the U.S.'s "Stargate" project. This substantial investment is expected to boost the French AI industry and attract international interest.
The investment will come from a mix of private funds, including contributions from the United Arab Emirates (UAE), the United States, and Canada. French companies such as Iliad, Orange, and Thales are also set to participate in this initiative. The UAE has plans to invest between €300 billion and €500 billion in France to build a one-gigawatt AI data center. Additionally, the AI company Mistral, headquartered in Paris, has announced plans to invest billions of euros to construct its own data center in France.
This substantial investment in AI is a strategic move for France, aiming to strengthen its position in the global AI landscape. The country is seeking to attract top talent and foster innovation in the AI sector. The investment is expected to create new jobs and stimulate economic growth in the region.
The French government has been actively promoting AI development and adoption in various sectors, including healthcare, transportation, and manufacturing. This latest investment is a testament to France's commitment to becoming a global leader in AI technology.
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