Public Investment Bank in France Declare It plans to invest up to 10 billion euros (about $ 10.3 billion at current exchange rates) in the ecosystem of artificial intelligence in France. This announcement comes a few days before the heads of state heads and global technology leaders for the artificial action summit in Paris.
BPIFrance has been a major investor in the technology ecosystem over the past decade, as he delivered small grants to startups in the early stage, participating in large financing rounds against some shares, as well as investing in VC companies directly with their “Money Fund” directly with “Fund”. Strategy.
(France) 750 of the world -famous startups are already proud of. It has a strong environmental system with talents and skills necessary to create teams. Thanks to our investments and continuous support, we strengthen the position of France as a global player in this strategic field, “said BPIFRANCE NicOOLAS DufourCQ. (In the picture above) in a statement.
BPIFRANCE is already a contributor to some of the largest startups in France, such as mistakeGlory swimming pool (Gathering next to the technician in the United States, though). It also invested in smaller startups, such as Ekimetrics, Antfact, Braincube, and Chapsvision.
You plan to double more huge rounds in the coming years. Models of the Asma Investment Corporation, Infrastructure Infrastructure Companies, and Device Companies that work on artificial intelligence chips as major fields to move forward.
The investment company also expects to invest in it last Investment companies – VC companies that plan to focus on artificial intelligence investments. For this strategy in particular, BPINCE does not restrict itself to French investment companies. He is ready to invest in French and foreign entities. BPIFrance Names fuel and FRST Since my VC company collected money from BPIFrance and participated in many of the artificial intelligence rounds.
This commitment to investment comes a few hours after the United Arab Emirates and France announced that they are planning to invest up to 50 billion euros (52 billion dollars) to build a huge data center in France with a capacity of up to 1 GB.
There will be more ads in the coming days as the AI Action summit in Paris is revealed.
