Macron unveils a $112B AI investment package, France’s answer to Stargate

French President Emmanuel Macron announced a total of $ 109 billion for private investment on Sunday evening (about $ 112 billion at the current exchange rate). This week, Paris is hosting Conference – The Third International Summit concentrated on AI after that Blechle Park In the United Kingdom, and SeolSouth Korea.

“I can tell you this evening, Europe is speeding up, France is moving fast. And for us, for France, we are announcing $ 109 billion in artificial intelligence tomorrow, “said President Macron France 2 and a TV interview in India’s first post.

“What is that? This is exactly equivalent to France, which the United States declared with Stargate – $ 500 billion – it’s the same ratio. “There are five times less than the United States of France with Million3 million residents

On Sunday, TechCrunch has begun to calculate all their investment promises from foreigners and local players for the past few days. Coming from 30 to 50 billion dollars UAE (And MGX), $ 20 billion coming from Canadian Investment Agency Brookfield10 billion dollars coming from BPI France And $ 3 billion from the French telecom company Iliad, we reached the total € 83 billion ($ 85 billion).

So some companies have not yet announced their plan. During the interview, Macron mentioned orange and thales as other investors in the program. Most investments will go towards new AI-centric data centers. So, compare with Stargate.

Macron French AI Startups like Mistral, Wondercraft and Okin, which took its headquarters to the United States, believed that when the issue of artificial intelligence started, Europe was competitive and even represented an opportunity for DEPSC.

“There was a competition to scale up. Everyone thought you always need to be bigger and stronger. What did Deepsek do with his open models? They have taken all accessible innovations from the latest OpenAI model and adapt to their own model using more success methods, “he said.” Everyone will continue it. And that’s why you have to run this. “

Mistral’s own data center project

Mistral co-founder and chief executive officer Arthur Mansha also announced a billion investment plans in an AI cluster. The Paris-based company is reasonably the only European company that works on foundation models that can compete with models of meta, open AEE, ethnographic, dipsek, Alibaba and others.

“We’re going to do our bits and investing a few billion euros in a cluster, which will be placed on Esson, so that we can get trained in more efficient systems within a few months,” said Mensh French TV TF1.

These announcements can be considered as a response Stargate projectOpenAI and Softbank led a $ 500 billion investment program for creating multiple data centers for AI in the United States.

As a reminder, most of France’s power generation comes from the nuclear power plant. France produces more electricity than its needs. Since technology agencies are focusing on new locations for electricity-hungry data centers-visually powered by carbon-free electricity-France is an ideal position in Europe for these new projects.

“We have a remarkable leadership in France. We produce a few decorated, controllable and safe electricity in the world. We have safe and most stable grids. And we export this low-carbon electricity, “said Macron.

According to him, France exported 90TWh power to neighboring countries in 2021. And France is now planning to use that headroom to attract foreign investment.