Tech Giants Microsoft and Amazon Pledge €5.2B in France Amid Macron's Investment Drive

May 13, 2024
Tech Giants Microsoft and Amazon Pledge €5.2B in France Amid Macron's Investment Drive
  • Microsoft 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


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