Topics
Latest
AI
Amazon
Image Credits:Nathan Laine / Bloomberg / Getty Images
Apps
Biotech & Health
Climate
Image Credits:Nathan Laine / Bloomberg / Getty Images
Cloud Computing
Commerce
Crypto
Enterprise
EVs
Fintech
Fundraising
gizmo
Gaming
Government & Policy
ironware
layoff
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
Security
Social
Space
startup
TikTok
Transportation
speculation
More from TechCrunch
issue
Startup Battlefield
StrictlyVC
newssheet
Podcasts
Videos
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
Canadian investment business firm Brookfield plans to invest € 20 billion by 2030 in artificial tidings projects in France ( around $ 20.7 billion at current interchange rate ) , according to a study fromLa Tribune Dimancheconfirmed by tidings agencyAFP . The majority of the sum will be used to build up AI - focus datum center .
This announcement is the later in a serial of investment funds commitment as heads of state and global technical school leader be after to garner for theArtificial Intelligence Action Summitin Paris starting on Monday .
According to La Tribune Dimanche , around € 15 billion of Brookfield ’s investment will go toward a monolithic data heart in Cambrai in the North of France . This data shopping center will have a capacity of up to one gigawatt . The quietus will be used for new infrastructure projects , include the building of new electrical energy production capabilities .
On Friday , France and the United Arab Emirates announced an AI campus project along with a prominent investment of up to€50 billion($52 billion ) . Once again , most of the investment funds will go toward a data center with a content of up to one gigawatt .
There are two reasons why these mega investment undertaking are occurring aright now . First , on January 21 , OpenAI , SoftBank , MGX and other married person uncover theStargate Project , a $ 500 billion investment program to work up multiple datum centers for AI in the United States .
While it’sunclearhow much each investor is actually willing to commit to Stargate , this announcement — combine with Mario Draghi ’s recentreporton European fight — act as a inflame - up call for many insurance policy - makers in Europe .
Second , the majority of France ’s electrical energy output come from atomic business leader plants ( around 65 % ) and renewable source ( around 25 % ) . It also produces more electricity than it needs . technical school companies are struggling to reduce their atomic number 6 footmark and find sufficient electricity content , so they are increasingly calculate to France as an attractive location for their office - thirsty data plaza .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
Other commitments from local companies
Separately , Bpifrance , France ’s public investing depository financial institution , announced that it plans to vest as much as€10 billion($10.3 billion ) in the AI ecosystem in France . This is n’t a data point center project , as Bpifrance mostly wants to back more AI startups and become a limited better half in VC firm specialized in AI investments . Bpifrance is already a shareowner in Mistral , H , and Poolside .
Finally , Iliad , the telecommunication company founded by Gallic billionaire Xavier Niel , is apportion € 3 billion toward AI investments ( $ 3.1 billion ) with the help of fiscal partners , such as Infravia . Around € 2.5 billion ( $ 2.6 billion ) will be used to build new AI - focused information centers with “ hundreds of megawatts of capacity . ”
Scaleway , a cloud computing company based in France , is a underling of Iliad . So the new calculation power will likely be available through Scaleway . Some European AI companies have already used Scaleway to develop their AI models , such as Mistral , H , and Photoroom . ( Interestingly , Xavier Niel also happens to be an investor in Mistral and H. )
If you bestow up all these declaration , France could get € 83 billion ( $ 85 billion ) in AI - related investment funds in the add up years , primarily related to data point center and infrastructure projects . And there might be more to come at the AI Action Summit .
study our full coverageof the Artificial Intelligence Action Summit in Paris .
