Major investments in the development of AI and cloud technologies in France
Date: 2024-05-14 Author: Gabriel Deangelo Categories: IN WORLD
Microsoft and Amazon announced more than $5 billion in funding to support digital innovation and economic growth in France at the annual Choose France summit.
Microsoft plans to expand its data centers and build a new one in Mulhouse, investing $4.3 billion in the development of cloud and AI infrastructure. The company will also use funds to train artificial intelligence and support the technology industry in the country.
Microsoft President Brad Smith said the investment demonstrates the company's commitment to supporting digital innovation and creating economic opportunity in France.
Amazon: $1.3 billion to create jobs and expand infrastructure
Amazon promises to invest $1.3 billion to develop its activities in France. It plans to create more than 3,000 new jobs, as well as expand the country's logistics network and cloud infrastructure to support artificial general intelligence (AGI).
Record investment for France
The combined investments of Microsoft and Amazon, as well as other foreign companies, amounted to $16.17 billion, which is a record amount since the first Choose France summit in 2018.
President Emmanuel Macron noted that these investments include 56 different business projects and could help create 10,000 new jobs in France.
Prospects for growth and cooperation
This major investment reflects Microsoft and Amazon's commitment to digital development and innovation in France. They are expected to stimulate economic growth and collaboration in the field of artificial intelligence and cloud technologies in the country and abroad.
