France To Invest €109 Billion In AI As Macron Pushes For Global Leadership In Tech

2025-02-10 05:02:12

(MENAFN- Khaama Press) French President Emmanuel macron announced on Sunday that France will invest 109 billion euros ($112.5 billion) in artificial intelligence (AI) over the next few years. The goal is to strengthen the country's AI infrastructure.

Macron made the announcement ahead of a two-day AI summit in Paris, set to begin on Monday. The summit will focus on global AI governance, ethical standards, access, and Europe's position in the field of AI technologies.

The French government expects international investors, including those from the UAE, major American and Canadian investment funds, and French companies, to contribute to the AI sector in France.

In addition, the French government revealed plans to set up 35 new sites to host AI data centers. This is part of France's strategy to secure a place in AI development amidst growing competition from the U.S. and China.

However, France has faced some challenges with its AI initiatives. The French chatbot“Lucy,” developed with government support, temporarily went offline after providing strange responses to simple questions, such as wrongly identifying cows as egg-layers and giving incorrect answers to basic math problems.

Despite this setback, the chatbot project aims to challenge the dominance of English in the AI field and offer an alternative to models like ChatGPT. The chatbot's logo reflects both French national identity and a pop culture reference, showcasing its unique approach.

Lucy is part of the broader French 2030 investment plan, which is supported by Macron and has a total value of 54 billion euros.

As competition in the AI space intensifies, France is positioning itself to become a key player in the global AI race, especially with the emergence of DeepSeek, a Chinese AI company. The rise of such companies presents a challenge to American tech dominance and could disrupt the U.S. stock market.

DeepSeek's innovations in AI are already causing ripples in the market. As it accelerates its advancements, it puts increasing pressure on U.S. companies to innovate quickly or risk losing market share.

This global competition for AI supremacy is fueling both strategic investments and concerns about the future of technology markets. Countries like France are leveraging AI to bolster their economies, while American companies may need to reassess their strategies in response to rising global competitors like China's DeepSeek.

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