this post was submitted on 10 Feb 2025
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137
French President Emmanuel Macron announces €100 billion investments in AI (www.france24.com)
submitted 2 days ago* (last edited 1 day ago) by Eyekaytee@aussie.zone to c/technology@lemmy.world
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further details:

Meanwhile, the French financing will include commitments from the United Arab Emirates, American and Canadian investments funds and French companies like telecommunications firms Iliad and Orange, and aerospace and defense group Thales

A few days before France’s AI Action Summit, which kicked off on Monday, the UAE said it would invest between 30 billion euros and 50 billion euros in the construction of a one-gigawatt AI data center in France as part of a campus focused on the technology’s development.

https://www.cnbc.com/2025/02/10/frances-answer-to-stargate-macron-announces-ai-investment.html

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[–] mannycalavera@feddit.uk 19 points 2 days ago

Investors will pump 109 billion euros into artificial intelligence (AI) projects in France in the coming years,

It will be private investment, venture capitalists, that provide the money and extract the data and wealth. All Macron is doing is giving it the official seal of approval from the government. He might relax some rules and make it easier to invest but your tax Euros are safe.