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France’s Public Investment Bank Declaration It plans to invest at France’s artificial intelligence ecology (about $ 10.3 billion at the current exchange rate). This declaration comes a few days before the Global Tech leaders gathered for the Prime Minister and Global Tech leaders Conference In Paris
BPI France, the main investor of Tech Ecosystem for the past decade, provides small donations to startups in the early stages, participated in the big funds in exchange for some equity and investing directly to the VC companies with its “fund fund”.
“[France] Already 750 world -renowned AI startups are proud of. It has a solid ecosystem with talent and skills needed to create a difference. Thanks to our investment and ongoing assistance, we are strengthening France’s position as a global player in this strategic field, “BPIFrance CEO Nicholas DufcesQ (depicted above) said in a statement.
BPI France is already shareholders in some of the largest AI startups in France, as Mistral, H, And Pulside (Pulside is technically located in the United States). It has also invested in small startups such as Equimetrics, Artfact, Braincube and Chaps Vision.
It plans to double the huge rounds in the coming years. The investment firm’s name is Foundation Model, AI infrastructure companies and hardware companies are moving forward as the main field of interest working in AI Chips.
Investment agencies also expect investment Another Investment companies – such as VC companies plan to focus on AI investment. Especially for this strategy, BPI France does not limit itself to French investment companies. It is willing to invest in both French and foreign entities. BPI France’s name Fuel And Frst The two VC companies have collected money from BPI France and have participated in several AI-centric investment rounds.
The promise of this investment comes in the United Arab Emirates and France several hours later Declaration That they are planning to invest at about $ 50 billion ($ 52 billion) to build a huge AI data center with a capacity of up to 1 gigawatt in France.
With the AI ​​Action Summit published in Paris, there will probably be more announcement in the coming days.
