Macron announces €109 billion investment to boost France's AI sector

President Emmanuel Macron announced that companies will invest €109 billion ($113 billion) in artificial intelligence projects in France. This investment aims to enhance France's position as a competitive AI hub during a summit in Paris. The funding includes significant contributions from the United Arab Emirates, which is committing €50 billion. Other investments come from firms like Brookfield, Apollo, and Amazon, focusing on data centers and AI infrastructure. Macron's announcement highlights concerns about Europe lagging behind the US and China in AI development. The investments are expected to be realized over the next two to five years.