Microsoft and Amazon will invest billions of dollars in France

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Microsoft and Amazon are ploughing billions of dollars into France.
Microsoft said in a statement Monday that it’s committing 4 billion euros ($4.3 billion) toward expanding its cloud and AI infrastructure in France, in addition to funding AI skilling and support for France’s technology industry.
Microsoft will also train 1 million people and support 2,500 AI startups by 2027.
The announcement was made during the “Choose France” summit, a gathering dedicated to encouraging foreign investment in France.
Amazon, meanwhile, made a commitment of its own to invest 1.2 billion euros in France.
Collectively, the commitments from Microsoft and Amazon to France amount to $5.6 billion of funding.
In total, France reportedly bagged a record 15 billion euros of investment commitments from foreign companies at the annual Choose France summit on Monday.
French President Emmanuel Macron has been trying to promote France as an artificial intelligence hub.

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Billions of dollars are being invested in France by Microsoft and Amazon.

In addition to financing AI skill development and providing support for France’s tech sector, Microsoft announced in a statement on Monday that it is investing 4 billion euros ($4.3 billion) in France to expand its cloud and AI infrastructure.

The company stated that by the end of 2025, it intends to introduce up to 25,000 of the most sophisticated GPUs, or graphics processing units, into France. By 2027, Microsoft plans to support 2,500 AI startups and train one million people.

The declaration was made at the “Choose France” summit, an event aimed at promoting foreign investment in France.

Microsoft President Brad Smith said in a statement on Monday that “this major investment demonstrates a steadfast commitment to support digital innovation and economic growth in France.”.

Modern Cloud and AI infrastructure is being built by us, along with AI skills training programs and support for French startups to enable them to grow responsibly and confidently with our technology. “.

Microsoft will also establish a new data center in Mulhouse, France, as part of its investment.

Meanwhile, Amazon announced that it would invest 1.2 billion euros in France.

According to Frederic Duval, Amazon’s country manager, the funds will be used to expand the company’s presence in France and create more than 3,000 jobs, on top of the 2,000 new positions the company has already announced for 2024.

Duval said in a statement on Monday that “the expansion of our logistics network supports local economic development, creates quality jobs, and allows us to reduce the carbon footprint of our deliveries while improving the overall customer experience.”.

Together, Microsoft and Amazon have committed $5.6 billion in funding to France. The annual Choose France summit on Monday saw foreign companies commit a record 15 billion euros in investment, according to reports.

France’s artificial intelligence hub status has been pushed by President Emmanuel Macron of France. Given that Facebook established FAIR, one of its primary AI labs, in Paris in 2015, the city is already a major hub for AI research and development.

Aside from the government’s earlier pledge to invest 1.5 billion euros in AI by 2022, Macron also revealed 500 million euros in new funding to establish new AI “champions” at the VivaTech technology fair in Paris last year.

At a time when French officials are voicing concerns about Microsoft’s investment in AI startup Mistral, the Redmond, Washington-based tech giant is also waging a charm offensive of its own with its pledge to invest billions of euros into France.

Microsoft just gave Mistral a 15 million euro investment. By way of the agreement, Microsoft acquired a portion of Mistral, and the latter integrated its extensive language model into the cloud computing platform Azure of the multinational corporation.

Microsoft has responded to criticism about its investment in Mistral raising concerns about competition by stating that the company is still independent and that the partnership is a business relationship rather than a merger and a minority equity investment. Comment on the deal is being sought by Britain’s competition regulator.

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