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France has its own ‘Stargate.’

President Emmanuel Macron announced that €109 billion (around $112 billion) in private sector investments will be put into AI in France over the coming years.

Macron said the move is “equivalent” to the $500 billion AI data center project announced by President Trump last month ($100 billion of which is being deployed immediately), and that “Europe and France must accelerate their investments” to secure a foothold against the US and China in the global AI industry.

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