BPIfrance will invest in 10B $ 2029 in French AI ecosystem

French State Investment Bank declared It plans to invest in € 10 billion ($ 10.3 billion in current rates) in the artificial disciplinary ecosystem in France. This announcement comes a few days before gathering for heads of state and global technological leaders Artificial Intelligence Action Summit In Paris.

BPIfrance, the main investor of the technological ecosystem in the last ten years, the strategy of investing in VC companies directly with the “Funds Foundation”, which is also in large financial tours on the stock exchange.

“(France) has 750 world-famous AI startups. We have a solid ecosystem with the talents and skills needed to make a difference.” Thanks to our investment and ongoing support, we strongly strengthen the position of this strategic player in this strategic area, “said Bpifrance CEO Nicolas Dufourcq (described above) said in a statement.

BPIFrance is a stock in some of the French Great AI Starts Mistral, H, and Pool edge (Based on the edge of the pool based on the United States). Investigated in small beginners such as ecimetric, artifact, Braincube and Chapsvision.

Plans to double the more mass tours in the coming years. It calls an investment firm, such as the main areas of interest that are interested in AI infrastructure companies and hardware companies working on AI chips.

Investment company also expects to invest other Investment firms – VC companies planning to pay attention to AI investments. In particular, BPifrance is not limited to French investment firms for this strategy. He is ready to invest in both French and foreign institutions. BPifrance names Fuel and Frst Like two VC firms that collect money from BPIrance and participating in several AI-oriented investment tours.

This investment commitment comes from the United Arab Emirates and France a few hours later declared The massive AI data center in France (52 billion euros ($ 52 billion) plan to invest in, up to 1 GV

There will be more ads in the coming days, because the AI ​​activity summit will be more announcements because it is opened in Paris.