Macron announces €109 billion AI investment plan for France

French President Emmanuel Macron announced a significant investment of 109 billion euros (approximately $112 billion) in artificial intelligence, to be deployed over the coming years, primarily from domestic and international investors. This announcement coincided with the AI Action Summit in Paris, aimed at discussing global AI governance and ethical considerations. Macron compared this funding to the U.S. 'Stargate' initiative, highlighting the competitive landscape of AI development between Europe and the U.S. The investment includes contributions from the United Arab Emirates and major American and Canadian funds, along with French companies, and is expected to enhance France's AI infrastructure and capabilities. The summit will feature around 1,500 attendees, including industry leaders and policymakers, focusing on the future of AI technology. Macron emphasized the need for Europe to assert its sovereignty in the AI sector amidst rapid advancements from other global players.