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Investments in French AI ecosystem reach $85B as Brookfield commits $20B
Canadian investment firm Brookfield plans to invest €20 billion by 2030 in artificial intelligence projects in France (around $20.7 billion at current
This announcement is the latest in a series of investment commitments as heads of state and global tech leaders plan to gather for the Artificial Intelligence Action Summit in Paris starting on Monday. While it’s unclear how much each investor is actually willing to commit to Stargate, this announcement — combined with Mario Draghi’s recent report on European competitiveness — acted as a wake-up call for many policy-makers in Europe. Tech companies are struggling to reduce their carbon footprint and find sufficient electricity capacity, so they are increasingly looking to France as an attractive location for their power-hungry data centers.
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