TECHNOLOGY
What's Up in France? AI gets a $112B Boost
Mon Feb 10 2025
Starting with their exceptional nuclear power and electricity over generation, France has decided to host AI investments focused on data centers.
The total round runs up to109 Billion Euro = ~112B USD. President Macron set himselfina hastily organized television interview suggesting this AI investment wave could be a game changer.
Investments are pouring in from various countries and companies.
United Arab Emirates with an 30-50 Billion Euro portion, Brookfield with an 20 Billion Euro contribution.
Investment Firm Bpifrance ; 10 Billion Euros plain and3 Billion Euro for Iliad the companies declared.
me since it started. . . almost like they staged it. Orange, Thales and Brookfield followed afterwards.
The sum of it all and it was `109 Billion Euros.
Macron was quite keen to emphasize that France has the ability to supply secure, low-cost electricity when other businesses embrace AI.
Mistral, another notable name in the AI game is setting up their building ‘data cluster’.
This idea leads other countries attracted to AI companies setting up shop in France.
But ask yourself whether this kind of economic strategy speeds up innovation or exploits skilled workforce crack into solutions without spending years.
Investments are pouring in as France continues leads countries driven by90Billion watt hour excess electricity.
There is sience in what France could do with the place.
And why not? France gets electricity from nuclear and produces more than the country needs!
But harmless as it may sound, it has been said it’s a reaction towards the Stargate Project.
"The deep pockets will get bigger. "
Mistral, a startup based in Paris is attempting to build gigantic AI data centers.
It plans to invest Billions for a new gigantic data center in Essonne.
It will be located in Essonne.
The country has set itself to provide1 gigawatt of power by the year ending in 2026 just for AI projects.
Businesses eager to lay their hands on this energy hungry resource could see France winning the all new data center.
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