France’s Public Investment Bank Public It plans to invest $ 10 billion in the artificial intelligence ecosystem in France (about $ 10.3 billion at the current exchange rate). This advertisement comes a few days before the heads of the state and the global tech leaders come together Artificial intelligence action summit In Paris.
BPFrance has been the main investor in the tech ecosystem for the past decade, giving small grants to early -stage startups, taking part in a round of large funds in exchange for some equity, and also investing in VC companies with its “funding funds” directly. Strategy.
“(France) already promotes 750 world -renowned AI startups. There is a solid ecosystem with talents and skills needed to make a difference. Thanks to our investments and ongoing support, we are strengthening France’s position as a global player in this strategic field, “said BPFrance CEO Nicholas Duforac (in the picture above).
BPIrans are already a shareholder in some of France’s largest AI startups, such as Misuse, H And Single (Poolside is technically based in the US). He has also invested in small startups such as Ekimetrics, Artifact, Braincube and Chapsvision.
It plans to double with larger rounds in the coming years. The MODELS Dells of the Investment Firm Foundation, AI Infrastructure Companies and Hardware Companies working on AI chips name as a field of interest.
Investment Pay FIRM also expects to invest Second Investing companies – namely VC companies that plan to focus on AI investments. Especially for this strategy, BPIFRANS does not limit itself to French investment companies. He is ready to invest in both French and foreign bodies. BPPRNS The name of Fuel And Eight Two VC companies who have collected money from BPFrance and have participated in many AI-centered investment rounds.
This investment commitment comes after a few hours of the United Arab Emirates and France Public That they plan to invest $ 50 billion in Billion to create a large AI data center in France with a capacity of up to 1 GW.
There will be more announcements in the coming days as the AI action summit appears in Paris.
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