France Announces €109 Billion Artificial Intelligence Investment

BlockBeats News, February 10th, French President Macron announced that the French artificial intelligence industry will receive €109 billion (approximately $112.6 billion) in private investment. Macron described this investment as similar to the U.S.'s announcement of the $500 billion AI investment project "Stargate."

France's investment will include contributions from UAE, U.S., and Canadian investment funds, as well as the participation of French companies such as Iliad, Orange, and Thales. The UAE plans to invest €300 billion to €500 billion in France to build a one-gigawatt AI data center. The AI company Mistral, headquartered in Paris, announced plans to invest billions of euros to build its own data center in France. (Jinse)