French President Emmanuel Macron unveiled a massive 109 billion euro investment plan for France's artificial intelligence sector, aiming to position the country as a global leader in AI. The announcement precedes the AI Action Summit in Paris, where world leaders and tech giants will convene to discuss the future of AI.
French President Emmanuel Macron on Sunday unveiled ambitious plans for 109 billion euros of private investment in artificial intelligence (AI) over the coming years. Addressing French broadcaster TF1, Macron likened this significant financial commitment to the United States' 'Stargate' initiative, a $500 billion AI project spearheaded by former President Donald Trump.
This announcement precedes France's AI Action Summit, a gathering of global leaders and tech industry titans in Paris this week.Macron detailed that the French AI sector will attract investments from a diverse range of sources, including the United Arab Emirates, American and Canadian investment funds, and prominent French companies like telecommunications giants Iliad and others. Notably, the UAE pledged an investment between 30 billion and 50 billion euros to construct a one-gigawatt AI data center in France, forming part of a larger campus dedicated to AI development. Iliad, meanwhile, committed to investing 3 billion euros in AI infrastructure, while Paris-based AI firm Mistral announced plans for billions of euros in investment to build their own data center within France.Victor Riparbelli, the CEO of British AI startup Synthesia, hailed Macron's 109-billion-euro investment plan as a positive step for the European AI ecosystem. However, he emphasized the need for further measures to ensure Europe's competitiveness against global tech powerhouses like the United States and China. 'We need to set the right foundations for Europe to thrive as an ecosystem,' Riparbelli stated in an interview with CNBC. 'It's great that we invest more in infrastructure. I don't think it's the sole solution to the problem. There's lots of other things we need to worry about as well. But what I think is really great is there's political will to actually do something,' he added. The summit itself brings together world leaders and representatives from leading companies developing AI, including U.S. Vice President JD Vance, EU President Ursula von der Leyen, German Chancellor Olaf Scholz, and Canadian Prime Minister Justin Trudeau.Adding to the global AI discourse, OpenAI's CEO, Sam Altman, is expected to warn world leaders about the need to broaden their AI perspectives. He plans to encourage a shift from solely focusing on risks, a common approach in Europe, towards embracing the growth and opportunities presented by AI. The recent emergence of DeepSeek, a Chinese firm, and their groundbreaking open-source AI model, R1, has sparked debates within the industry regarding the substantial capital investments being poured into computing infrastructure to train these systems. Google DeepMind's CEO, Demis Hassabis, acknowledged DeepSeek's AI model as 'probably the best work' he's seen from China, but he downplayed the technological significance, stating that it doesn't represent a major scientific breakthrough. He further argued that the hype surrounding DeepSeek has been 'exaggerated a little bit.' Mike Capone, CEO of U.S. software firm Qlik, anticipates that DeepSeek will be a central topic of discussion at the summit as governments grapple with China's advancements in AI. 'This summit isn't just about AI—it's about influence,' Capone stated. 'Expect a strategic messaging war as U.S., French, and UK AI leaders downplay DeepSeek's relevance while China works to prove it's not just catching up — it's setting the pace.' He added, 'AI diplomacy is now as critical as AI development. The power struggle won't be about who builds the best model; it'll be about who controls the AI narrative.'
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