France to Invest More Than €100 Billion in AI Development

Mark
France to Invest More Than €100 Billion in AI Development
Share:

On the eve of the Action for AI Summit in Paris, French President Emmanuel Macron shared big news. The French government has secured a massive €109 billion ($112 billion) investment from private companies for the country’s growing AI industry.

Speaking on France 2, Macron was enthusiastic about the announcement, comparing it to the U.S.’s Stargate project, a huge AI initiative launched by Donald Trump last month, which promises $500 billion in funding.

While the French population is much smaller than the U.S.’s, Macron pointed out that the investment ratio should still be significant for France.

A large portion of this money—between $30 billion and $50 billion—comes from Arab Emirates and French investors. While Europe has been behind the U.S. and China in AI investment, Macron aims to change that.

France is already leading in AI research and talent development, with examples like Arthur Mensch, the 32-year-old founder of Mistral AI.

Besides private funding, France’s government is also contributing with €2.1 billion as part of its France 2030 roadmap to boost the country’s technological influence.

With all this money pouring in, Macron hopes that France—and Europe—can start to take on a bigger role in shaping the future of AI, reducing the current dominance of the U.S. and China.

Have something to add? Let us know in the comments below!

Share:

Mark is the kind of person who gets way too excited about new software updates and can’t resist taking apart gadgets—just to see if they can put them back together. With years of experience in tech journalism and a love for all things digital, Mark writes about the stories behind the screens, from game-changing innovations to the everyday tech that keeps life running smoothly. Outside of work, they’re the go-to “tech support” for friends and family, whether it’s fixing a printer that won’t cooperate or explaining why Grandma’s laptop keeps showing pop-ups. When Mark isn’t glued to their screen, they’re probably building their dream PC, rewatching sci-fi movies for the hundredth time, or testing a gadget that promises to “change everything.” Spoiler: they’ll let you know if it actually does.