French President Emmanuel Macron unveiled a plan for €109 billion in private investments into the AI sector during the Artificial Intelligence Action Summit in Paris. This significant investment is intended to boost France's capabilities in artificial intelligence, comparable to the U.S.'s Stargate program. The summit aims to accelerate AI development in Europe, with Macron emphasizing that France's commitment to AI growth aligns with investments from international players such as the UAE and Canada. The funds will primarily be directed towards building AI-focused data centers and supporting emerging French AI startups.
I can tell you this evening, Europe is going to speed up, France is going to speed up. And for us, France, we're announcing at tomorrow's summit €109 billion of investment in artificial intelligence over the next few years.
What's that? It's exactly the equivalent for France of what the United States announced with Stargate - $500 billion - it's the same ratio.
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