France unveils 109-billion-euro AI investment as Europe looks to keep up with U.S.

France’s artificial intelligence sector is set to receive 109 billion euros in private investment in the “coming years,” with commitments from various international investors and French companies like Iliad, Orange, and Thales. President Emmanuel Macron made the announcement ahead of the country’s global AI summit, comparing the pledge to the U.S. Stargate project’s $500 billion investment in AI infrastructure. The UAE also revealed plans to invest up to 50 billion euros in building a one-gigawatt AI data center in France as part of a technology-focused campus.

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