Politics, Tech Chiefs Double Down on AI Spending:
- French President Emmanuel Macron has announced a €109 billion investment in AI for France in the coming years. This investment will be supported by the United Arab Emirates, major American and Canadian investment funds, and French companies. President Emmanuel Macron announced the spending ahead of a two-day AI summit he is cohosting in Paris with Indian Prime Minister Narendra Modi, attended by the US vice president, China’s vice premier, and the bosses of OpenAI and Google.
- European Commission chief Ursula von der Leyen is expected to announce around 10 public supercomputers for researchers and startups.
- Tech giants Amazon, Google, Microsoft, and Meta are significantly increasing their investments in AI. They plan to spend a combined total of at least $215 billion in the current fiscal year, an increase of over 45% from the previous year.
Sources:
1. https://www.france24.com/en/europe/20250210-government-tech-leaders-paris-ai
2. https://www.lemonde.fr/en/economy/article/2025/02/10/ai-with-the-announcement-of-a-109-billion-investment-macron-intends-to-take-on-the-us_6737985_19.html [no paywall: https://archive.is/JZm6I]
3. https://www.wsj.com/tech/ai/tech-giants-double-down-on-their-massive-ai-spending-b3040b33 [no paywall: https://archive.is/FeKCf]
- French President Emmanuel Macron has announced a €109 billion investment in AI for France in the coming years. This investment will be supported by the United Arab Emirates, major American and Canadian investment funds, and French companies. President Emmanuel Macron announced the spending ahead of a two-day AI summit he is cohosting in Paris with Indian Prime Minister Narendra Modi, attended by the US vice president, China’s vice premier, and the bosses of OpenAI and Google.
- European Commission chief Ursula von der Leyen is expected to announce around 10 public supercomputers for researchers and startups.
- Tech giants Amazon, Google, Microsoft, and Meta are significantly increasing their investments in AI. They plan to spend a combined total of at least $215 billion in the current fiscal year, an increase of over 45% from the previous year.
Sources:
1. https://www.france24.com/en/europe/20250210-government-tech-leaders-paris-ai
2. https://www.lemonde.fr/en/economy/article/2025/02/10/ai-with-the-announcement-of-a-109-billion-investment-macron-intends-to-take-on-the-us_6737985_19.html [no paywall: https://archive.is/JZm6I]
3. https://www.wsj.com/tech/ai/tech-giants-double-down-on-their-massive-ai-spending-b3040b33 [no paywall: https://archive.is/FeKCf]