France secured €53 billion ($61.7 billion) in artificial intelligence-related investment commitments from Japan's Softbank Group Corp.
(OTC:SFTBY) and Amsterdam-based AI cloud services firm Nebius Group N.V.
(NASDAQ:NBIS), marking one of the largest artificial intelligence infrastructure investment pushes in Europe as the country seeks to become a leading hub for AI development.
French President Emmanuel Macron Monday said in a post on X, the investments would create thousands of jobs and help establish the country as Europe's leading destination for AI infrastructure and development.
One Of Europe's Largest AI Investment Waves SoftBank said it plans to invest an initial €45 billion to develop 3.1 gigawatts of AI-focused data center capacity in France's Hauts-de-France region by 2031, including in Dunkirk, Bosquel and Bouchain.
