France's public investment bank, Bpifrance, has announced a significant investment initiative amounting to €10 billion to enhance the country's AI ecosystem ahead of the Artificial Intelligence Action Summit in Paris. Over the past decade, Bpifrance has positioned itself as a crucial player in the tech landscape, investing in both established and emerging AI startups, while also supporting venture capital firms. Their strategy is inclusive of significant investments in foundation models and AI infrastructure, signaling a commitment to strengthening France's global impact in AI innovation and technology advancement.
Bpifrance is investing €10 billion to strengthen France's position in the global AI ecosystem, focusing on startups and VC firms with strategic technologies.
We are strengthening France's position as a global player in the strategic field of AI through our investments and ongoing support, says Bpifrance CEO.
Bpifrance is willing to invest in both French and foreign VC firms, showing its commitment to fostering a robust AI investment landscape.
With over 750 AI startups, France has a solid ecosystem backed by Bpifrance's strategic investments in emerging technologies and established companies.
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