France unveils 109-billion-euro AI investment as Europe looks to keep up with U.S.

CNBC February 10, 2025
Ryan Browne

Key Points

– French President Emmanuel Macron on Sunday announced plans for 109 billion euros of private AI investment.

– He described the mulitbillion-euro commitment as France’s equivalent to Stargate, referring to U.S. President Donald Trump’s $500 billion AI investment project.

– Macron announced the mammoth investment sum ahead of France’s AI Action Summit, where world leaders and tech bosses are gathering in Paris this week.

France’s artificial intelligence sector will receive 109 billion euros ($112.6 billion) of private investment in the “coming years,” President Emmanuel Macron announced Sunday ahead of the country’s global AI summit.

Speaking with French broadcaster TF1, Macron described the multibillion-euro pledge as “the equivalent for France of what the United States announced with Stargate,” referring...

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