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Canada's Brookfield to pour EUR20 bn into French AI infrastructure
Canada's Brookfield to pour EUR20 bn into French AI infrastructure
by AFP Staff Writers
Paris (AFP) Feb 8, 2025

Canadian fund Brookfield will invest 20 billion euros ($21 billion) by 2030 to help build data centres crucial to artificial intelligence development in France, a source close to the deal told AFP on Saturday.

Confirming reports in the La Tribune Dimanche newspaper, the announcement comes as Paris prepares to play host to a global summit of political and tech industry leaders on the technology on Monday and Tuesday.

With the world hurrying to stay abreast of the AI race dominated by the United States and China, countries are competing to build the vast buildings housing the swathes of data needed to train AI models up.

According to La Tribune Dimanche, 15 of the 20 million euros are earmarked for erecting new centres, with a "mega-project" in the northern city of Cambrai as its crown jewel.

That deal was inked in on January 31 by French President Emmanuel Macron and Brookfield's CEO Bruce Flatt, the paper reported.

The other five million euros are to be spent on "associated infrastructure", notably the energy generators needed for the data centres, which consume massive amounts of electricity.

Already on Thursday, the French presidency said that the United Arab Emirates would build a giant data centre in France for a total outlay of between 30 and 50 billion euros.

Once built, that AI "campus" would be the largest in Europe, but its location is yet to be set out.

France currently boasts more than 300 data centres.

That would make it the world's sixth-largest host country, after the United States, Germany, Britain, China and Canada, according to a report by the French Economic, Social and Environmental Council.

The summit Monday and Tuesday comes weeks after US President Donald Trump's administration trailed a $500-billion plan for investment into AI infrastructure led by OpenAI and its backer SoftBank.

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BROOKFIELD ASSET MANAGEMENT

SOFTBANK GROUP

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