French President Emmanuel Macron announced a significant investment in artificial intelligence (AI) ahead of a two-day summit in Paris.
Co-hosted with Indian Prime Minister Narendra Modi, the event aims to address global AI governance, ethics, accessibility, and European sovereignty over AI technologies.
Macron revealed that France would receive 109 billion euros ($113 billion) from international investors, including the UAE, major American and Canadian investment funds, and French companies, marking a key move in strengthening the country’s AI infrastructure.
Macron’s announcement mirrors the scale of the US AI investment, with the $500-billion “Stargate” project backed by OpenAI in the United States.
He also highlighted the significance of the investment, noting that it is equivalent to the scale of the US initiative, which aims to develop data centers and computing infrastructure necessary to advance AI technology.
The development comes when the technical barriers to AI progress are becoming more apparent, particularly after Chinese startup DeepSeek stunned Silicon Valley with its high-performance AI models.
The Paris summit will feature discussions from 1,500 attendees, including international investors, heads of state, and prominent tech figures like OpenAI’s Sam Altman and MistralAI’s Arthur Mensch.
The event’s purpose is to explore AI’s potential, with a strong focus on balancing its benefits and challenges.
