Tech Giants Microsoft and Amazon Pledge €5.2B in France Amid Macron's Investment Drive
May 13, 2024Microsoft announced a 4 billion euro investment in France, aimed at boosting AI and cloud technologies, which represents the company's largest investment in the country to date.
Microsoft's investment will focus on infrastructure, renewable energy, AI training for 1 million people, supporting AI startups, and operating AI services based on responsible AI principles.
Amazon plans to invest 1.2 billion euros to expand cloud infrastructure in France, creating 3,000 new permanent jobs.
These tech investments are part of a broader influx of foreign capital, totaling 15 billion euros, coinciding with President Macron's Choose France summit, designed to attract international investors.
French Finance Minister Bruno Le Maire highlighted the need for fiscal discipline in light of a larger than anticipated budget deficit for 2023.
In unrelated tech news, Apple Music has released its list of the 100 Best Albums of all time, curated by experts and artists.
Summary based on 25 sources
Get a daily email with more World News stories
Sources
Yahoo Finance • May 13, 2024
Amazon and Microsoft invest in France’s cloud and AI infrastructureYahoo Finance • May 13, 2024
Microsoft to Invest €4 Billion in French Cloud and AI ServicesYahoo Finance • May 13, 2024
Microsoft pledges $4.3 billion investment at Macron’s ‘Choose France’ summitInvestopedia • May 13, 2024
Microsoft, Amazon Invest Billions in France To Boost Their AI Presence