Macron announces €109 billion AI investment plan for France ahead of summit

French President Emmanuel Macron has announced a €109 billion investment in artificial intelligence, aiming to strengthen Europe's position in the industry. This funding comes ahead of the AI Action Summit in Paris, where global leaders and executives will discuss AI advancements. The investment includes contributions from the United Arab Emirates, which plans to invest €50 billion in data centers, and Canadian firm Brookfield, which will invest €20 billion in AI infrastructure. A new non-profit fund, Current AI, will also be established to support public interest AI projects. Macron emphasized the need for Europe to develop its own AI technologies to compete with the US and China. He highlighted the importance of open AI platforms, advocating for collaboration among European start-ups to enhance their capabilities in the global market.