SoftBank Pledges €75 Billion for AI Infrastructure in France
President Emmanuel Macron opened the annual Choose France investment summit on Monday at Versailles palace, where foreign investors pledged tens of billions for AI and data centre projects.
France 24President Emmanuel Macron opened the annual Choose France investment summit on Monday at Versailles palace west of Paris, where foreign investors have already pledged tens of billions of dollars for artificial intelligence and data centre projects. Japanese technology investment firm SoftBank said it will spend €75 billion on artificial intelligence infrastructure.
SoftBank founder Masayoshi Son is scheduled to meet Macron at the Élysée Palace on Monday.
Canadian asset manager Brookfield plans to announce $10 billion of investment in a data centre in the Escaudain area of northern France. Investment firm Ardian and Nordic data platform Verne will invest $5 billion in a data centre in the Paris region.
Taiwanese group Foxconn is expected to invest €120 million in the western city of Angers for a production line for motherboards dedicated to AI, in partnership with French supercomputer specialist Bull.
The conference could also see announcements on rare earth investments in France. France has attracted the most foreign investment in Europe for seven straight years, according to the consultancy EY. EY said France attracted 852 projects last year out of 5,026 recorded in 47 European countries, even as the number of foreign investment projects in Europe fell 17 percent.
The country has attracted more projects linked to AI than anywhere else in Europe, though industry has suffered, particularly the cars, chemical and metallurgy sectors. 55 billion of public investment to develop quantum technologies and semiconductors and has stated that he wants to make France a world leader in AI.
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- France 24 reported: Canadian asset manager Brookfield is to announce $10 billion of investment in a data centre in the Escaudain area of northern France.
- France 24 reported: Investment firm Ardian and Nordic data platform Verne will put $5 billion into a data centre in the Paris region.
- France 24 reported: Taiwanese group Foxconn is expected to invest €120 million in the western city of Angers for a production line for motherboards dedicated to AI in partnership with French supercomputer specialist Bull.
- France 24 reported: Macron has announced €1.55 billion of public investment to develop quantum technologies and semiconductors.
- France 24 reported: SoftBank founder Masayoshi Son is to meet Macron at the Élysée Palace on Monday.
- France 24 reported: France has attracted more projects linked to AI than anywhere else in Europe.
- France 24 reported: Since the first 'Choose France' summit in 2018, more than 230 projects have been announced, representing some €87 billion and several thousand jobs.
- France 24 reported: France has attracted the most foreign investment in Europe for seven straight years according to the consultancy EY.
- France 24 reported: France attracted 852 projects last year out of 5,026 recorded in 47 European countries according to EY.
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