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A few days ahead of the artificial intelligence summit in Paris, French presidency released the first of the expected financial initiatives related to AI. France’s Emmanuel Macron and the United Arab Emirates’ Muhammad bin Zayed al-Nahyan signed an important investment agreement to build a massive information center dedicated to the artificial intellect in France.
According to a Report from AFPFrance and the UAE can spend the “€ € € œ in € 52 billion in current rates of € 52 billion in current rates of $ 52 billion in current rates of $ 52 billion in current rates. Most investments will be directed to 1GW.
On Thursday morning, France’s digital and AI minister Clara Chappaz, France, fast tracking administrative approvals, said it has set the 35th place to be used to establish new data centers. The UAE Information Center investment will probably take advantage of this framework.
About 65% France’s electricity production comes from nuclear power plants. The country receives about 25% of electricity from renewable sources. France, which struggled to reduce carbon footprints, is using the Peak of action in France, especially for these power-AC data centers.
The French and Emirati consortium of investors will return the Information Center project in France. MGX will contribute to the Emirati Investment Company dedicated to artificial intelligence.
MGX was also listed as one of the initial investors StargateSoftbank and Openai’s large-scale AI investment project. Commenting on Stargate and the beginning of the Chinese AI, Deepseek’s latest progression, Chappaf, hopeful prospects of France and Europe.
“The scale and scale between these two announcements show that this is just the beginning,” he said. “Because this is the opportunity to catch this technology,” he said.
On Monday and Tuesday, the heads of state will flow to Paris to meet global technological leaders. They will most likely announce more investment deals and joint statements. The diplomatic agreement may focus on the effectiveness of artificial intelligence to the environment.
US Vice President JD Vance, Chinese Prime Minister Zhang Guoging, President of the European Commission Ursula Von Der Leyen and German Chancellor Olaf Scholz, Summit is expected to take place in Paris.
