All Eyes announce a 100 billion euro investment package (approximately $112 billion at current exchange rates) in the French AI ecosystem, followed by French President Emmanuel Macron at the end of the first day of the Artificial Intelligence Action Summit in Paris It was in.
He reiterated this financial commitment (sometimes) from private partners willing to build a data center in France and invest in AI startups. He said the main reason international investors are choosing France for their next large data center project comes from the country’s oversupply of nuclear energy.
“I have a good friend on the other side of the ocean who says, ‘drills, babes, drills’. There is no need to drill here. It’s just “plugs, babes, plugs,” Macron said.
However, he doesn’t want to create an AI action summit about France. “For me, this summit is not just announcing many investments in France. It’s a wake-up call for European strategy,” he said.
“Tomorrow, President von der Leyen will announce Europe’s AI strategy, which will be a very important opportunity. However, this strategy will accelerate Europe, simplifying regulations and deepen the single market. , it will be a unique opportunity to invest in computing capabilities,” he added.
Macron also seems to support this idea, as the European Union wants to streamline regulations. “It is very clear that we must be synchronized with other parts of the world from a communication perspective, from a permit, permit, clinical trial perspective. That is, in all different sectors.”
Macron also urged European companies to buy from European startups. He said most companies in the US and China support their own solutions. However, this is rare in Europe, especially when it comes to technology.
On Tuesday, global leaders and high-tech CEOs will release new statements. Many will scrutinise both the content and list of countries that sign the pledge at the end of the summit, and see if it is still possible to agree to a list of priorities regarding AI regulations.
Check out the full coverage of the Artificial Intelligence Action Summit in Paris.