France is making significant strides in artificial intelligence with President Emmanuel Macron announcing €109 billion in private investments as the country prepares for the AI Action Summit. Macron emphasized this investment reflects France's aspirations in alignment with larger U.S. funding efforts, noting the importance of nuclear power in supporting AI initiatives. The project, led by FluidStack, aims to establish AI-computing capabilities by 2026, utilizing the country's abundant nuclear energy to power its operations, indicating a robust commitment to technological advancement in AI.
I can tell you this evening, Europe is going to speed up, France is going to speed up.
The investment is exactly the equivalent for France of what the United States announced with Stargate - $500 billion - it's the same ratio.
FluidStack aims to start work in the third quarter of 2024 with the goal to have 250 megawatts of power linked to AI-computing chips.
There's potential to expand to a 10 gigawatt facility by 2030.
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