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
Looks like it is comparable to the US Stargate announcement, the money is coming from private companies and going into private investment, which is amazing, I wish France24 had been a bit more specific:
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
European companies investing in Europe AND into leading edge technologies? Crazy