UAE to invest billions to build an AI Data Center in France

A few days before the Summit of Action of Artificial Intelligence in Paris, the French Presidency announced the first of several expected financial initiatives related to AI. France Emmanuel Macron and Mohammed bin ar Nahian of the United Arab Emirates have signed an agreement on a significant investment to build a massive data center dedicated to artificial intelligence in France.

According to a AFP reportFrance and the UAE can spend 30 to 50 billion euros ($ 31 to $ 52 billion in current exchange rates) to build a campus on AI. The bigger part of the investment will go to a data center with a capacity of up to 1GW.

On Thursday morning, the digital and II minister Clara Chapaz said that France had identified 35 seats that could be used to build new data centers with quick administrative approvals. The investment in the UAE data center will probably take advantage of this framework.

About 65% From the production of electricity in France, it comes from nuclear power plants. The country also receives about 25% of its electricity from renewable sources. As large technology companies are struggling to reduce their carbon footprint, France uses the AI ​​Action summit as an opportunity to attract foreign investment, especially for those hungry for electricity.

A consortium of French and eminents investors will support the data project in France. MGX, Emirati investment company dedicated to artificial intelligence, will contribute.

MGX was also referred to as one of the original investors in StargateThe large -scale investment project for AI, led by SoftBank and Openai. Commenting on the latest breakthrough of Stargate and Chinese Ai Startup Deepeek, Chapaz sounded hope for the future prospects of France and Europe.

“Only the scale and scale between these two messages show that this is only the beginning,” she said at a technological meeting organized by Balderton and the photo on Thursday night. “Because this technology is our opportunity to catch up,” she added.

On Monday and Tuesday, the heads of state will flow to Paris to meet global technology leaders. They are likely to announce more investment deals and a joint statement. The diplomatic agreement could potentially focus on the impact on artificial intelligence in the environment.

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