• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2024 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Finance

    Posted By Global Banking and Finance Review

    Posted on February 10, 2025

    Featured image for article about Finance

    PARIS (Reuters) - French President Emmanuel Macron on Monday announced investment pledges to bolster France's artificial intelligence sector totalling 109 billion euros ($112 billion)over the coming years.

    The financing, unveiled during the Paris AI summit, includes plans by Canadian investment firm Brookfield to invest 20 billion euros in AI projects in France and financing from the United Arab Emirates which could hit 50 billion euros in the years ahead.

    Below is a list of some of those investment pledges, according to the Élysée and the companies:

    AMAZON:

    The U.S. retail giant pledged more than 1.2 billion euros at last May's Choose France summit, part of a 6 billion euro investment to develop cloud infrastructure in France by 2031.

    APOLLO:

    Alternative asset manager Apollo Global Management has put up an initial tranche of funding for AI energy-related investments totalling $5 billion.

    DIGITAL REALTY:

    Digital Realty, a real estate investment trust which leases out managed data centres, plans to deepen investments in data centres around Paris, and in Marseille, with a total pledge that could reach 6 billions euros.

    EQUINIX:

    Data centre firm Equinix plans to invest 630 million euros as part of a 750 million euro pledge that will lead to 10 data centres around Paris and one in Bordeaux.

    FLUIDSTACK:

    The AI cloud platform firm has signed a memorandum of understanding with the French government to build one of the world's biggest AI supercomputers, powered by French nuclear energy. An initial phase would see 10 billion euros invested, with the project operational by 2026, the company says.

    MISTRAL:

    Nvidia-backed French startup Mistral AI, whose recently launched Le Chat assistant is touted as Eurpoe's response to OpenAI's popular ChatGPT, plans to launch the largest supercomputer in Europe, while also deepening partnerships with French companies including Veolia and software developer Dassault Systemes.

    ($1 = 0.9698 euros)

    (Reporting by Gabriel Stargardter; Editing by Toby Chopra)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe