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A few days before the Artificial Intelligence Summit in Paris, the French Presidency announced the first of the many expected financial initiatives for AI. French Emmanuel Macron and the United Arab Emirates have signed an agreement on a huge investment on Mohamed Bin Zayed al Nahyan, a major investment for artificial intelligence for French intelligence.
THE Report from AFPFrance and the United Arab Emirates spent $ 30-50 billion ($ 31-52 billion at the current exchange rate) on the construction of an AI campus. Most investments would turn to a data center with a capacity of up to 1 GW.
According to French digital and AI minister Clara Chappaz, France has identified 35 places, which can be used to build new data centers with rapid administrative approvals. The investment in the US Data Center is likely to take advantage of this framework.
About 65% Electricity production of France comes from nuclear power plants. The country’s electricity from renewable sources is approx. You get 25%. As large technology companies struggle to reduce their carbon footprints, France uses the AI action summit to attract foreign investments, especially energy hungry data centers.
The French and Emirati investors consortium supports the data center project in France. MGX, an investment company on artificial intelligence, contributes.
MGX was one of Stargate’s first investors, one of the first investors in the AI investment project led by Softbank and Openai. Commenting on the latest breakthrough of the Star Gate and Chinese AI Startup Deepseek, Chappaz sounded hopefully about the future prospects of France and Europe.
“Only the size and scale of the two announcements show that this is just the beginning,” said Balderton and Photoroom at a technology meeting on Thursday night. “Because this technology is our opportunity to catch up,” he added.
On Monday and Tuesday, the heads of state arrive in Paris to meet global technology leaders. They are likely to announce additional investment transactions and a joint statement. The diplomatic agreement can potentially focus on the environmental effects of artificial intelligence.
US Vice President JD Vance, Chinese President Zhang Guoqing, President of the European Commission, Ursula von der Leyen and German Chancellor Olaf Scholz are expected to arrive in Grand Palais in Paris.
