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France to announce EUR109 billion in fresh AI investments

Bloomberg
Bloomberg • 2 min read
France to announce EUR109 billion in fresh AI investments
Just as China’s weight in the AI scene was underscored by the emergence of its cost-efficient DeepSeek, Macron said France and Europe need to quickly play catch up if they want to stay in the game. Photo: Bloomberg
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France is set to announce a total of EUR109 billion ($152.43 billion) in investment in artificial intelligence projects in the country by companies, funds and other sources over the coming years, President Emmanuel Macron said on the eve of a two-day AI summit in Paris.

Speaking in an interview on France 2 TV on Sunday, Macron referenced a previously announced investment of between EUR30 billion and EUR50 billion on a new campus for data centres in France by a fund from the United Arab Emirates. 

The French president also spoke of fresh money coming from US and Canadian funds.

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