At the Global AI Summit in Paris, the European Union and France announced massive investments in the improvement of artificial intelligence. The EU plans to invest EUR 200 billion and France plans to invest an additional EUR 109 billion and 1 Gigawatt of atomic energy to become a leader in AI infrastructure.
The European Union invests EUR 200 billion in AI
President of the European Commission Ursula von der Leyen announcedthat the EU will allocate EUR 50 billion to the improvement of AI and the remaining EUR 150 billion will come from private investors and technology providers.
One of the key elements of the strategy is the construction of 4 AI gigafactories, which are intended to let open, joint work on the most advanced AI models. EUR 20 billion will be allocated to their implementation. In addition, the EU wants to make its supercomputers available to the best start-ups and researchers to accelerate innovation.
"Artificial intelligence requires competition but besides cooperation"
Ursula von der LeyenUrsula von der Leyen pointed out that the EU does not want to regulate the marketplace excessively, but to support its development.
France is developing the AI infrastructure – EUR 109 billion and 1 Gigawatt of atomic energy
French president Emmanuel Macron announced EUR 109 billion investment in the improvement of artificial intelligence. A key component of the strategy is the usage of 1 gigawatt of atomic energy for AI purposes, the first 250 megawatts of which is to be launched by the end of 2026.
The task is implemented by FluidStack, which builds giant data centers for AI. By 2028, the fresh infrastructure is expected to support 500,000 NVIDIA chips, and by 2030 its power may increase to 10 gigawatts.
In his speech, Macro pointed out that France wants to usage its advantage in atomic energy to become a key hub for AI infrastructure.
The EU and France are developing the AI ecosystem – fresh projects and investments
Investments by the EU and France are a step towards building competitive AI infrastructure in Europe that can become an alternate to solutions developed by American technology companies specified as OpenAI, Microsoft and Google. The FluidStack task is the European equivalent of Stargate, developed in the US by SoftBank and OpenAI, which is intended to usage 1.2 gigawatt of computing power.
In addition, the United arabian Emirates and the investment company MGX Fund Management Limited announced an investment of EUR 30-50 billion, the Canadian Brookfield Asset Management will allocate EUR 20 billion, Prifrance – EUR 10 billion, and the telecommunications company Iliad – EUR 3 billion. In total, this represents around EUR 83 billion of the € 109 billion announced by France for AI development.
If these projects are implemented, Europe can strengthen its position in the global ecosystem of artificial intelligence.
Will fresh investment in AI infrastructure in Europe change the global deal?
