French President Emmanuel Macron announced private sector investments worth €109 billion ($112.5 billion) in France’s artificial intelligence sector during the opening of the Paris AI Summit.
Key Investments
- Brookfield: The Canadian investment firm will inject €20 billion into AI projects, with most of the funding allocated to a data center.
- United Arab Emirates: The UAE plans to invest up to €50 billion over the coming years, including financing for a 1-gigawatt data center.
AI’s growing energy demands pose challenges for Europe, as the continent races to meet future needs for powering large-scale data centers.
Global Context
Last month, U.S. President Donald Trump announced a $500 billion AI infrastructure investment from OpenAI, SoftBank Group, and Oracle to maintain America’s competitive edge over China and other rivals in the AI sector.
($1 = €0.9688)