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French President Emmanuel Macron has announced plans to invest €109 billion (approximately $116 billion) in artificial intelligence (AI) as part of an effort to position France and Europe as leaders in the technology. The announcement was made ahead of an international AI summit in Paris, gathering government leaders, industry representatives, and experts from nearly 100 nations. According to Macron, the initiative aims to counter the United States' massive investment in AI infrastructure, known as the “Stargate Project,” which is expected to attract at least $500 billion.
During the summit, discussions will focus on various applications of AI in health, education, and labor, as well as the regulation of the technology. Macron stressed the need for a balanced regulatory framework that encourages innovation while ensuring responsible use. He warned against excessive regulation that could stifle progress. The investment underscores a joint call from French and German startups to bolster Europe’s technological sovereignty amidst increasing competition from U.S. and Chinese firms. The summit is poised to be a critical platform for shaping the future of AI in Europe.