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France Secures 110 Billion Euros in AI Investment Pledges at Summit

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French President Emmanuel Macron revealed on Monday that a total of 109 billion euros ($112 billion) in investment pledges have been made to boost France’s artificial intelligence (AI) sector over the coming years. The announcements were made during the Paris AI summit and include notable pledges from various global investors.

Among the major commitments is a 20 billion euro pledge from Canadian investment firm Brookfield, directed toward AI projects in France, as well as funding from the United Arab Emirates potentially reaching up to 50 billion euros in the future.

Here are some key pledges and investments:

  • Amazon: The U.S. retail giant pledged over 1.2 billion euros at the 2023 Choose France summit, contributing to a broader 6 billion euro investment plan to develop cloud infrastructure in France by 2031.

  • Apollo Global Management: The alternative asset manager has committed an initial tranche of funding for AI-related energy investments, totaling $5 billion.

  • Digital Realty: The real estate investment trust, which focuses on managed data centers, plans to expand its data center presence in Paris and Marseille, with investments potentially reaching 6 billion euros.

  • Equinix: The data center firm has pledged 630 million euros as part of a broader 750 million euro investment to establish 10 data centers around Paris and one in Bordeaux.

  • Fluidstack: The AI cloud platform company signed a memorandum of understanding with the French government to build one of the world’s largest AI supercomputers, powered by French nuclear energy. The project is expected to receive an initial investment of 10 billion euros, with operations set to begin by 2026.

  • Mistral AI: Backed by Nvidia, the French startup behind the AI assistant Le Chat, plans to create Europe’s largest supercomputer and expand its partnerships with French companies such as Veolia and Dassault Systems.

The pledge of nearly 110 billion euros signals France’s ambition to become a leading force in AI development and infrastructure, attracting substantial investments from both domestic and international sources.

Iliad to Invest €3.1 Billion in AI Infrastructure Across Europe

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French telecom company Iliad has announced plans to invest €3 billion ($3.1 billion) in artificial intelligence (AI) infrastructure, focusing on expanding data centers and computing power across Europe. The investment will be made through its subsidiary OpCore, which manages the group’s 13 data centers. In the short term, OpCore will deploy several hundred megawatts of capacity, with an ambition to reach several gigawatts of capacity over the long term.

This move comes ahead of the Artificial Intelligence Action Summit in Paris, where Iliad is expected to make further announcements regarding its AI strategy. The company has also partnered with Mistral AI, a French AI firm, to offer its “le Chat pro” AI model to Iliad’s 15.5 million subscribers in France.

While Europe has been trailing the U.S. and China in AI development, with the U.S. investing through initiatives like President Donald Trump’s Stargate program, Iliad’s investment is a significant step in bolstering the region’s AI capabilities. OpenAI CEO Sam Altman, speaking on the matter, has also encouraged Europe to adopt AI and expressed openness to replicating successful U.S. programs, such as Stargate, in Europe.

AI Chip Firm Cerebras Partners with Mistral, Claims AI Speed Record

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Cerebras Systems, a Silicon Valley-based AI chip manufacturer backed by UAE tech firm G42, announced on Thursday its partnership with French AI company Mistral, helping it achieve a new speed record for AI responses.

Mistral, known for its open-source AI technology, aims to rival competitors such as Meta Platforms and China’s DeepSeek, both of which are challenging OpenAI’s dominance in the AI space. On Thursday, Mistral launched a new app, Le Chat, capable of generating responses at a speed of 1,000 words per second.

Cerebras provided the computational power to achieve this speed, which it claimed surpasses the performance of both OpenAI and DeepSeek, making Mistral’s Le Chat the fastest AI assistant globally.

Cerebras, which has filed for an initial public offering currently under U.S. regulatory review due to G42’s involvement, is one of the few major challengers to Nvidia in the AI chip market for training large models. However, its collaboration with Mistral focuses on inference, the process of serving model-based applications to users in real-time.

Andrew Feldman, Cerebras CEO, emphasized that speed in delivering answers has become a key focus as competitors close in on OpenAI’s models. “You want better answers. And to get better answers, you need more compute at inference time,” Feldman told Reuters. He also expressed pride in the collaboration with Mistral, calling it Cerebras’ first major win with a top-tier AI model developer.