this post was submitted on 10 Feb 2025
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136
French President Emmanuel Macron announces €100 billion investments in AI (www.france24.com)
submitted 2 days ago* (last edited 1 day ago) by Eyekaytee@aussie.zone to c/technology@lemmy.world
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further details:

Meanwhile, the French financing will include commitments from the United Arab Emirates, American and Canadian investments funds and French companies like telecommunications firms Iliad and Orange, and aerospace and defense group Thales

A few days before France’s AI Action Summit, which kicked off on Monday, the UAE said it would invest between 30 billion euros and 50 billion euros in the construction of a one-gigawatt AI data center in France as part of a campus focused on the technology’s development.

https://www.cnbc.com/2025/02/10/frances-answer-to-stargate-macron-announces-ai-investment.html

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[–] hendrik@palaver.p3x.de 6 points 2 days ago* (last edited 1 day ago)

Heheh, but reportedly, the hedge fund that owns Deepseek has 1.6 billion worth of servers. Plus they need to pay electricity, employees... and researchers and computer people often get a decent salary. That makes me think at least a few billions is the correct amount... If we want to do research on the level Deepseek does.