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France Unveils Private Sector’s Plan to Invest $112 Billion in AI Ecosystem
French President Emmanuel Macron unveiled a $112 billion investment package from the private sector to boost the AI ecosystem in France and Europe.
While Europe is a crucial market for AI alongside the U.S. and China, the average level of private sector money going into AI in Europe was 7% of global investment as of 2024, while the U.S. and China represent a combined 80% of it, according to a compiled by the European Commission and the European Investment Bank. Despite this lagging in private coin across Europe, France has become a leader in technology thanks to its emphasis on research and development and the training of talents such as Arthur Mensch, the 32-year-old founder of Mistral AI. Robust public funding in AI, totaling €2.1 billion, is also part of the government’s France 2030 roadmap.
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