Brookfield plans €20 billion investment in French AI infrastructure

Brookfield Asset Management will invest €20 billion ($29.6 billion) in artificial intelligence projects in France. This announcement comes as part of a larger plan by President Emmanuel Macron to secure €109 billion in private sector investments for AI. The investment will primarily focus on developing a data center. Additionally, financing from the United Arab Emirates could reach €50 billion, which includes support for a one gigawatt data center. This move highlights the growing demand for energy-intensive AI infrastructure in Europe. In contrast, the U.S. recently announced a $500 billion investment in AI infrastructure to maintain its competitive edge.