Investments in French AI ecosystem reach $85B as Brookfield commits $20B

Canadian Investment Agency Brookfield has planned to invest $ 20 billion in artificial intelligence projects in France by 2030 (about $ 20.7 billion in current exchange rate), a report Sunday La Tribune Confirmed by the news agency AFPThe Most parts of the yoga will be used to create AI-centric data centers.

State and Global Tech leaders plan to gather for them the latest announcement of a series of investment promises is the latest Conference From Monday to Paris.

According to La Tribune Diminch, about $ 15 billion in Brookfield will go to a huge data center in Cambroy, north of France. This data center will have the power to a gigawatt. The rest will be used for new infrastructure projects, including the construction of new power generation capabilities.

Friday, France and the UAE announced with a big investment with an AI campus project € 50 billion ($ 52 billion) again, most investments will go to a data center with power up to a gigawatt.

There are two reasons that these mega investment projects are happening right now. First, on January 21, OpenAEA, Softbank, MGX and other partners have unveiled it Stargate projectA $ 500 billion investment program for creating multiple data centers for AI in the United States

When it is Unclean Every investor is actually willing to commit Stargate how much commitment, this declaration – combined with the recent Mario Drugy Report European competition has served as a awakened call for many policy makers in Europe.

Secondly, most of France’s power generation comes from the nuclear power plant (About 65%) And renewable sources (about 25%). It produces more electricity than needed. Technology companies are struggling to reduce their carbon footprint and find adequate electricity, so they are looking for France as an attractive position for their electricity-hungry data centers.

Other promises from local companies

Individually, the Public Investment Bank of France, BPI France has announced that it has planned as much as it is € 10 billion ($ 10.3 Billion) in the AI ​​Ecosystem of France. This is not a data center project, because BPI France mostly want to back up more AI startups and to be limited partners in specialized VC firms on AI investments. BPI France is already a shareholder in Mistral, H and Pullide.

Finally, the French Bilionaire is allocating $ 3 billion for AI investment ($ 3.1 billion) with the help of financial partners like Iliad Infravia, a telecom company founded by the French Biliona. About $ 2.5 billion ($ 2.6 billion) will be used to create new AI-centric data centers with “hundreds of MW power”.

ScalewayA cloud computing company in France, a helpful company in Iliad. So the new computing energy will probably be available through the scalwa. Some European AI companies have already used the scaleway to train their AI models such as Mistral, H and Photorum. (The funny thing is, Javier’s Blue Myster and H.

If you add all these investment announcements, France can get € 83 billion ($ 85 billion) on AI-related investment in the coming years, mainly related to data centers and infrastructure projects. There may be more announcements in the next days at the AI ​​Action Summit in Paris.