UAE to invest billions to build AI data center in France

A few days before the artificial intelligence action summit in Paris, the French President announced the first of several expected financial initiatives related to AI. Emmanuel Macron in France and Mohammed bin Zayed al -Nahyan in the United Arab Emirates signed an agreement to create a huge data center dedicated to artificial intelligence in France.

Ay Reported from AFPFrance and the UAE can spend “$ 30 to $ 50 billion” ($ 31 to $ 52 billion at the current exchange rate) to build the UAE AI campus. Most investments will go to a data center with power up to 1GW.

France’s Digital and AI Minister Clara Chapaz said on Thursday morning that France had identified 35 locations that could be used to create new data centers with rapid track administrative approval. The UAE’s data center investment will probably take advantage of that structure.

About 65% France’s power generation comes from the nuclear power plant. The country gets about 25% of the electricity from renewable sources. Since large technology companies are fighting to reduce their carbon footprint, France is using the AI ​​Action Summit as an opportunity to attract foreign investment, especially for those energy-brief data centers.

A consortium of French and Emirates investors will return to the French Data Center project. MGX, the Emirates Investment Agency will contribute, dedicated to artificial intelligence.

MGX was listed as one of the primary investors StargateLarge -sized AI investment project led by Softbank and Openai. Commenting on the recent episode of Stargate and Chinese AI Startup Dipsic, Chapaz was optimistic about the future prospects of France and Europe.

At a technology meeting organized by Balderton and Photorum on Thursday evening, he said, “The dimensions and scales between these two announcements show that it is just the beginning.” “Because this technology is the opportunity to catch us,” he added.

Monday and Tuesday, the Prime Minister will travel to Paris to meet global technology leaders. They will probably announce a further investment agreement and a joint statement. Diplomatic agreements can probably concentrate on the environmental impact of artificial intelligence.

US Vice President JD Vans, China’s Vice Premier Jang Goking, European Commission President Ursula von Deer Leon and German Chancellor Olaf Sholz are expected to arrive at the Grand Palace in Paris for the summit.