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French President Emmanuel Macron has announced investments worth 109 billion euros in artificial intelligence in France over the coming years, as Europe seeks a greater foothold in the fast -growing industry dominated by the United States and China.
Macron described the new financing before the AI Action Summit in Paris, which begins on Monday, which includes discussions between world leaders and executives AI, such as Sam Altman from Openai.
This comes after US President Donald Trump praised the AI’s $ 500 billion infrastructure, known as Stargate, to be built in America and his leadership Openai and Softbank.
GOAGLE, Amazon, Microsoft and Meta groups have concluded 300 billion dollars this year for the prosecution’s capital expenditures.
Meanwhile, Chinese groups such as Deepseek are making enormous steps in developing AI’s competitive and low -cost models, while Huawei is intended extensively in building chips that can compete with those competing by the leading market NVIDIA.
In the face of such competition, “Europe and France must speed up their investments,” Macron said France 2 on Sunday.
To this end, France will announce on Monday that companies have agreed to invest 109 billion euros in artificial intelligence projects in the country in the coming years.
Macron said: “This is the equivalent of France for what the United States declared to Najayette,” Macron said.
This step highlights Macron’s design that France and Europe are part of the global race to develop and marketing advanced technology.
It will be one of the investment in France from the United Arab Emirates, which said last week that it will invest up to 50 billion euros on a new university campus for data centers.
The initial funding of the Abu Dhabi MGX fund, a $ 100 billion investment is also participating in Stargate, while the French Companies Union will join later.
On Sunday, Canadian Asset Director Brukvield has also announced an investment of 20 billion euros to support the deployment of Amnesty International’s infrastructure in France.
The other result of the Paris Summit will be to create a non -profit investment fund called the current AI, which aims to increase the so -called “public interest AI”, such as creating unknown health care data associated with privacy for artificial intelligence projects. About 400 million euros have been pledged to achieve a five -year donation target of 2.5 billion euros.
On Monday, the Investment Capital Company told General Catalyst the Financial Times that it is leading a broader investment group planning to spend 150 billion euros over the next five years to spread artificial intelligence within companies, investing in European startups and building critical infrastructure in a region.
The plan, which was called the European Union’s International Champions initiative, is designed to “Establish Europe as a global leader in artificial intelligence.” Among other investors of private stocks and investors who join the KKR, Blackstone, EQT, CVC and DST Global. Some of the specific spending plans for investors have not yet been identified and depend on the identification of investment opportunities, as well as other factors such as organization.
This scheme is also supported by more than 60 European companies including the German company Volkswagen, Swedish Music Streamer Spotify and EXOR EXOR ITALIAN-Husts. These companies pledged to “accelerate and adopt” artificial intelligence, but they have not committed to a specific spending on technology.
The groups are expected to join the progress of Ursula von der Leyen, the European Commission President, with new political recommendations that seek to cut the red strip to coordinate and simplify AI laws and databases in the European Union.
Gennett Zo Forsteneberg, the administrative director of General Cadrest, said that she photographed European industry characters to buy in European artificial intelligence, adding: “We have made a awakening call and we are now noticing, we are active and get ready.”
European startups have long failed their counterparts in the United States and the Chinese because they are facing an arduous battle due to insufficient financing, reaching computing power and lack of clarity on how to apply regulations.
For Macron, the summit is an opportunity to show that France can still use soft power in major global issues such as artificial intelligence.
He has called for Europe to develop its artificial intelligence platforms and applications, so that it only depends on American and Chinese innovations of technology that affects many areas of business, consumers and society.
In particular, he was a fan of Mistral Startal in Paris, one of the only Hamin builders of the Great Language model in Europe, where CEO Arthur Minche is expected to be the star of the French.
Macron and other leaders, such as the Prime Minister of India Narendra Modi, are expected to call for more “Fatah” platforms such as those built by Mistral and Deepseek, instead of the closed alternatives provided by Openai and Google.
Yan Lacon, the chief artificial intelligence scientist in Mita and a prominent French researcher, said that American companies have closed models “have an improper superiority complex,” adding: “The open world is attached to them.”
Participated in additional reports by Ivan Linfsstone in London, Henry Foy and Parbra Mines in Brussels