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Microsoft has made a landmark announcement, revealing plans to inject four billion euros into developing data centers across France. This move, heralded as the technology giant's most significant investment in the nation since its establishment 41 years ago, aims to enhance its capabilities in artificial intelligence and cloud computing significantly.
According to Barron's, Microsoft President Brad Smith cited France's dedication to carbon-free energy and its pivotal role in Europe as key reasons for this substantial investment. The project includes creating a new data center in Eastern France and expanding existing facilities in the Paris region and Marseille.
Amazon's Strategic Expansion
Reuters reported that parallel to Microsoft's announcement, Amazon unveiled its intention to invest over 1.2 billion euros in the French market, with a plan to create more than 3,000 jobs. This investment is set to bolster Amazon Web Services cloud infrastructure, focusing on generative artificial intelligence, and expand its logistical operations for parcel delivery.
The Elysee confirmed that Amazon's initiative could create up to 3,000 jobs, marking a significant expansion of its workforce in France. By the end of 2024, Amazon expects 24,000 employees in the country, primarily in its logistics centers.
Choose France Summit Sparks Further Investments
Microsoft and Amazon's announcements come just before the seventh Choose France Summit, hosted by President Macron at the Chateau of Versailles. Aiming to attract foreign investment, this summit has already seen commitments from various sectors.
Several pharmaceutical giants, including Pfizer and AstraZeneca, have pledged to invest over a billion euros in France's health sector. Additionally, the European consortium FertigHy is exploring a 1.3 billion euro investment into a low-carbon fertilizer factory in the Somme region, which could represent the largest industrial project unveiled at the summit.
These investments highlight France's growing appeal as a hub for technology and innovation, driven by its commitment to sustainability and strategic role in the European market.
Photo: Christian Wiediger/Unsplash
