France to invest 109 billion euros in AI, Macron announces

President Emmanuel Macron said on Sunday that France will announce investments amounting to 109 billion euros ($112.5 billion) in artificial intelligence over the coming years during the Paris AI summit opening Monday.

The financing includes plans by Canadian investment firm Brookfield to invest 20 billion euros in AI projects in France and financing from the United Arab Emirates which could hit 50 billion euros in the years ahead, Macron's office said.

The Elysee Palace said the UAE investment would include financing for a 1 gigawatt data centre. The La Tribune de Dimanche newspaper reported that the bulk of Brookfield's investment would go towards a data centre.


AI requires huge amounts of energy to power massive data centres, with Europe seen struggling to meet future demand.

Last month, US President Donald Trump announced that OpenAI, SoftBank Group and Oracle would invest $500 billion in AI infrastructure over the next four years to help the United States stay ahead of China and other rivals in the global AI race.