France invests a record amount in the development of AI technologies.

French President Emmanuel Macron has announced major investments in the field of artificial intelligence amounting to $109 billion. The goal of these investments is to strengthen France's and Europe's positions in global technological competition.

According to information from the Financial Times, part of the funding will come from international partners. The United Arab Emirates intends to invest $50 billion in building large server complexes. Canadian company Brookfield will channel $20 billion into the development of artificial intelligence infrastructure.

The established plan also includes the creation of the Current AI fund with an initial capital of $400 million, as well as attracting $2.5 billion over five years for the development of 'socially beneficial artificial intelligence'.

The investment group General Catalyst plays an important role in these initiatives. They plan to spend $150 billion on creating artificial intelligence in companies, investing in European startups in this field, and building critically important infrastructure in the region.

EU Leaders Initiative on Artificial Intelligence

The goal of this initiative is to make Europe a global leader in artificial intelligence. It also involves private and venture investors such as KKR, Blackstone, EQT, CVC, and DST Global.

More than 60 European companies, including German automaker Volkswagen and Swedish music streaming service Spotify, support this plan. They commit to accelerating the implementation of artificial intelligence but do not specify exact costs for this technology.

Companies also call for the simplification of artificial intelligence regulation in the EU. European Commission President Ursula von der Leyen plans to present proposals on this issue.

At the AI Action Summit in Paris, where global leaders and tech company executives will gather, Macron along with Indian Prime Minister Narendra Modi will call for the creation of more 'open' artificial intelligence platforms, as opposed to the secured systems of OpenAI and Google.