France is set to receive €109 billion ($112.5 billion) in AI sector investments, President Emmanuel Macron announced ahead of the Paris AI Summit. Canadian investment firm Brookfield has pledged €20 billion for AI projects, while the United Arab Emirates is expected to provide up to €50 billion in the coming years.
The Elysee Palace confirmed that part of the UAE’s investment will go towards a 1-gigawatt data center, while La Tribune de Dimanche reported that Brookfield’s contribution will primarily fund another data center project.
AI development requires significant energy resources to support large-scale data centers, an area where Europe faces challenges in meeting future demand. As global competition in AI intensifies, investments in energy infrastructure will play a crucial role in securing technological advancements.
Last month, former U.S. President Donald Trump announced a $500 billion AI infrastructure investment plan in collaboration with OpenAI, SoftBank, and Oracle. The initiative aims to strengthen the United States’ position against global competitors, including China, in the AI race.
With these massive investments, France is reinforcing its ambition to be a leader in AI innovation and infrastructure, ensuring it remains competitive in the rapidly evolving tech landscape.
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