France To Announce $113 Billion In AI Investments Ahead Of Paris Summit

Benzinga

France plans to announce  $113 billion in AI investments from companies, funds, and other sources over the coming years. President Emmanuel Macron announced ahead of a two-day AI summit in Paris. Macron referenced a previously disclosed UAE fund investment for a data center campus in France. Brookfield Asset Management committed nearly $20 billion over five years to develop AI infrastructure. French firms Iliad SA, Orange SA, and Thales SA are also expected to invest. Macron compared the scale of spending to Donald Trump’s $500 billion Stargate initiative.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02France plans to announce $113 billion in AI investments from companies,

00:06funds and other sources over the coming years.

00:09President Emmanuel Macron made the announcement ahead of a two-day AI summit in Paris.

00:15Macron referenced a previous disclosed UAE fund investment for a data center campus in France.

00:21Brookfield Asset Management committed nearly $20 billion over five years to develop AI

00:26infrastructure. France firms Elad SA, Orange SA and Thales SA are also expected to invest.

00:33Macron compared the scale of spending to Donald Trump's $500 billion Stargate initiative.

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