Technology
Macron will present an investment package worth USD 112 billion, France’s response to Stargate Stargate
At the tip of the local time of local time, the President of France, Emmanuel Macron, announced a complete of EUR 109 billion in private investments within the AI ecosystem – or about $ 112 billion at current exchange rates. This week, Paris hosts the Summit of Artificial Intelligence Action – the third international peak focused on AI after previous events in Bletchley Park, Great Britain and Seoul in South Korea.
“I can say that Europe will accelerate tonight, France will accelerate,” said Macron in an interview with France 2 and the primary post of India, raising EUR 109 billion investments in artificial intelligence, which he said that he could be deployed “in the next few years “.
He added that a pot of cash is represented by “exactly the equivalent of France of what the United States announced from Stargate – $ 500 billion – is the same indicator.” (With 68 million inhabitants France has 5 x fewer people than the USA)
TechCrunch began counting all investment guarantees from foreign and native players who’ve been entering the previous couple of days. From EUR 30 billion to EUR 50 billion from the United Arab Emirates (and MGX), EUR 20 billion from the Canadian investment company Brookfield, EUR 10 billion from BPIFRANCE and EUR 3 billion from the French Telecommunications Company Iliad, we achieved a complete of up to 83 billion EUR (USD 85 billion) from Sunday.
Several corporations haven’t yet announced their plans. During the interview, Macron mentioned Orange and Thales as other investors in this system.
Most investments will be allocated to latest data -oriented data centers. Hence the comparison with Stargate.
Macron also discussed the French AI startups, which moved their headquarters to the USA, corresponding to Mistral, Owkin and Wandercraft. He said that he believes that Europe remains to be competitive when it comes to the beginning of artificial intelligence – even suggesting that Deepseek is an opportunity to catch up.
“There was a race to increase the scale. Everyone thought you always had to be bigger and stronger. What did Deepseek do with his open models? They took all available innovations from the latest OPENAI model and adapted them to their own model, using a more economical approach, “he said. “Everyone will continue to do it. And that’s why you have to be in this race. “
Mistral Data Center project
Arthur Mensch, co -founder and general director of Mistral, also announced plans to invest billions within the AI cluster. The Paris company might be the one European company working on foundation models that may compete with models corresponding to Alibaba, Anthropic, Deepseek, Meta, OpenAi and others.
“We will do something and invest a few billion euros in a cluster that will be created in Essonne so that we can train even more efficient systems in a few months,” said Mensch on the French TV1 TF1.
The commercial may very well be seen as one other response to the Stargate project, an investment program worth $ 500 billion run by OpenAI and Softbank to construct many data centers for AI within the United States.
Reminding that almost all of the French electricity production comes from nuclear power plants. France also produces more electricity than it uses.
Because technology corporations have a look at latest locations of hungry power centers-ideally driven by electricity without coal-francity can introduce itself as an ideal location in Europe for these projects.
“In France we have an extraordinary advantage. We produce one of the most decarbonized, controlled and safe electricity in the world, “said Macron, adding:” We have the safest and most stable network. And we export this low -emission electricity. “
According to the French president, the country exported 90TWh of electricity to neighboring countries in 2024. France is now planning to use this law to attract foreign investment.
(Tagstranslate) France