Macron Secures Massive Investments at Choose France Summit
French President Emmanuel Macron announced a €93 billion investment pledge at the Choose France summit, covering 71 projects and generating over 15,600 jobs. SoftBank will contribute €45 billion for data centres. France aims to position itself as an AI and data centre hub utilizing its nuclear energy.
Emmanuel Macron, President of France, revealed on Monday that companies have pledged a staggering €93 billion in investments at the annual Choose France summit. These investments span 71 projects and are expected to create more than 15,600 jobs across the nation.
A significant portion of this investment comes from SoftBank, promising €45 billion for the establishment of data centres with a capacity of 3.1 gigawatts in the Hauts-de-France region by 2031. Macron highlighted the potential increase of this investment to €75 billion.
This strategic effort aims to leverage France's extensive nuclear reactor resources, positioning the nation as a leader in artificial intelligence and data centre initiatives that require clean energy. SoftBank CEO Masayoshi Son noted the full investment, including chips and systems, could approach $750 billion, stressing that funds will be assembled through project financing and collaboration with hyperscale customers.
(With inputs from agencies.)
Google News