France announces 109 billion euro investment in AI ahead of global summit

cnbc.com

France has announced a 109 billion euro investment in artificial intelligence, aiming to boost its tech sector. This investment, which includes contributions from various international and French companies, is seen as a response to the U.S.'s 500 billion dollar AI initiative. The announcement comes just before France's AI Action Summit, where global leaders and tech executives are gathering in Paris. Notable attendees include U.S. Vice President JD Vance and EU President Ursula von der Leyen. The summit will address the competitive landscape of AI, particularly in light of recent advancements from Chinese firm DeepSeek. Discussions are expected to focus on the implications of these developments for global AI strategy and influence.


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