UAE to invest billions of euros in France to help develop a new AI campus—the largest in Europe.
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The French presidency on Thursday announced that the United Arab Emirates would invest billions of euros to build a huge artificial intelligence data centre in the country.
The centre will be the core of a new AI “campus” and will have up to a gigawatt of capacity, “which represents investments of 30 to 50 billion euros”, the French presidency said in a statement.
It was part of a larger AI agreement signed between French President Emmanuel Macron and his UAE counterpart Sheikh Mohamed bin Zayed Al Nahyan in Paris on Thursday.
AI data centres are slated to stock data and provide the enormous energy required for the new technology. The campus will be the largest in Europe dedicated to AI, the presidency said.
The project was announced and signed as global experts began debating the threats and promise of artificial intelligence at a gathering in Paris on Thursday and Friday, ahead of a summit of world leaders on the fast-moving technology.
Source: FORTUNE
