Published by Global Banking & Finance Review®
Posted on November 25, 2025
1 min readLast updated: January 20, 2026
Add as preferred source on GoogleAramco Ventures opens a Paris office to oversee AI investments in Europe, focusing on AI, cybersecurity, and quantum computing, with plans to invest hundreds of millions of euros.
PARIS (Reuters) -Aramco Ventures, a subsidiary of Saudi national oil major Aramco, is opening an office in Paris to oversee European artificial intelligence investment expected to total hundreds of millions of euros, CEO Mahdi Aladel told Reuters on Tuesday.
The growth of data centres used for artificial intelligence has boomed in recent years, with many companies vying for capital and infrastructure to get a leg up on the competition.
Europe has lagged behind, with slow permitting and regulations hindering the bloc's ability to compete with the United States and China.
However, the success of AI startups such as Mistral, a strong talent pool and government pledges to invest in AI and the AI ecosystem persuaded Aramco Ventures to choose France, Aladel said on the sidelines of the Adopt AI conference.
The company aims to focus on AI, cybersecurity and quantum computing, probably starting with a few French startups or French funds, but the intention is to cover all of Europe, he added.
(Reporting by Forrest CrellinEditing by David Goodman)
Venture capital is a form of private equity financing that provides funding to startups and small businesses with long-term growth potential in exchange for equity, or ownership stake.
Artificial intelligence (AI) refers to the simulation of human intelligence in machines programmed to think and learn. AI can perform tasks such as problem-solving, understanding language, and recognizing patterns.
Cybersecurity involves protecting computer systems and networks from theft, damage, or unauthorized access. It includes measures to safeguard data and ensure the integrity of information systems.
Quantum computing is an advanced computing paradigm that utilizes the principles of quantum mechanics to process information. It has the potential to solve complex problems much faster than classical computers.
Data centers are facilities used to house computer systems and associated components, such as telecommunications and storage systems. They are essential for managing and storing large amounts of data.
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