France Secures €93 Billion in Foreign Investment for AI, Data Centers

Kathmandu. France will make foreign investment of €93 billion (108 billion dollars) for plans including artificial intelligence and data centers.

French President Emmanuel Macron announced the plan at an international conference on Monday. He said, "As part of the annual meeting of 'Choose France', the total accumulated in the past eight years has exceeded €87 billion, which will be used to develop the technology sector in the country."

Macron said, "This edition of 'Choose France' will make it possible to secure a high amount of €93 billion for more than 15,000 jobs in France alone. This is clearly the biggest program ever and it is historic."

Macron said, "The commitment this year includes a commitment of €45 billion in investment from Japanese technology investor SoftBank's Masayoshi Son. Its founder Masayoshi Son has said that the amount will be spent on data centers in northern France by 2031."

"It will be spent on artificial intelligence, data centers, as well as semiconductors, critical minerals, tractors, trucks, steel, and healthcare," the president said. President Macron said, "These projects will make France a leading country in providing data centers and will make it possible to build computing capacity in Europe, as well as build a pioneering base for the production of AI robots for industrialization through AI."

"We are trying to fill the gap in computing capacity in Europe, similar to that of the United States and China," he said. SoftBank founder Son said the main reason for choosing France is France's nuclear energy.

"We can now transform electricity into raw material for more high-value artificial intelligence and export it after manufacturing," he said. "We have the potential to make France the center of Europe," Son said.