The Canadian Investment Company, Brookfield, plans to invest 20 billion euros by 2030 in artificial intelligence projects in France (about 20.7 billion dollars at current exchange rates), according to a report from Do not Tribune on Sunday The news agency confirmed AFP. The majority of the amount will be used to build data -focused data centers.
This announcement is the latest in a series of investment obligations, as state leaders and global technology plans to gather at the height of artificial intelligence in Paris starting on Monday.
According to La Tribune Dimanche, about 15 billion euros of Brookfield investments will go to a huge data center in Cambria, in northern France. This data center will have a capacity of Gigawatt. The rest will be used for new infrastructure projects, including building new electricity production capabilities.
On Friday, France and the United Arab Emirates announced the AI’s campus project, as well as a large investment of 50 billion euros (52 billion dollars). Again, most of the investment will go to a database with a capacity of Gigawatt.
There are two reasons for these huge investment projects to happen at the present time. First, on January 21, Openai, Softbank, MGX and other partners revealed the Stargate project, an investment program worth $ 500 billion to build multiple data centers for Amnesty International in the United States
While it is Unclear How much is each investor ready to adhere to Stargate, this announcement – alongside the last Mario Draghi a report On European competitiveness-it was an invitation to wake up to many policy makers in Europe.
Second, the majority of electricity production in France comes from nuclear power plants (About 65 %Renewed sources (about 25 %). It also produces electricity than it needs. Technology companies are struggling to reduce their carbon emissions and find adequate electricity capacity, so they are increasingly looking to France as an attractive location for energy -thirsty data centers.
Other obligations from local companies
Separately, BPIFrance, the Public Investment Bank in France, announced that it is planning to invest up to 10 billion euros (10.3 billion dollars) in the environmental system of Amnesty International in France. This is not a project for the data center, where BPIFrance often wants to support more startups from artificial intelligence and become a limited partner in VC companies specialized in artificial intelligence investments. BPIFRANCE is already a contributor to Mistral, H and Pootwide.
Finally, ILIAD, the telecommunications company founded by the French billionaire Xavier NIEL, allocates 3 billion euros for artificial intelligence investments ($ 3.1 billion) with the help of financial partners, such as Infravia. About 2.5 billion euros ($ 2.6 billion) will be used to create new data centers that focus on artificial intelligence with “hundreds of megawatts of capacity”.
ScalewayIt is a firm computing company based in France, a subsidiary of ILIAD. So the new computing power is likely to be available through Scaleway. Some European artificial intelligence companies have already used Scaleway to train artificial intelligence models, such as Mistral, H and Futoroom. (Interestingly, Kazavier Neil also happens to be an investor in Mistral and H.)
If you add all these investment ads, France may get 83 billion euros (85 billion dollars) in the prosecution’s investments in the coming years, and is primarily related to data centers and infrastructure projects. There may be more ads in the coming days at the AI Action Summit in Paris.
