“Microsoft and Amazon to Pour Billions into French Tech”
In a significant boost to France’s technology landscape, both Microsoft and Amazon have announced substantial investments in the country’s tech infrastructure. Microsoft revealed plans to invest four billion euros in developing data centers, marking its largest investment in France since its inception 41 years ago. This move is part of the company’s strategy to strengthen its artificial intelligence and cloud computing capabilities.
In a significant boost to France’s technology landscape, both Microsoft and Amazon have announced substantial investments in the country’s tech infrastructure. Microsoft revealed plans to invest four billion euros in developing data centers, marking its largest investment in France since its inception 41 years ago. This move is part of the company’s strategy to strengthen its artificial intelligence and cloud computing capabilities.
The decision to invest heavily in France’s tech sector comes ahead of the seventh Choose France Summit, an event aimed at attracting foreign investment to the country. French President Emmanuel Macron will host the summit at the Chateau of Versailles near Paris.
Microsoft’s President Brad Smith highlighted France’s commitment to carbon-free energy markets and its prominent role as a leader in Europe as key factors influencing the investment decision. The investment will lead to the creation of a new data center in eastern France, in addition to expanding existing sites in the Paris region and Marseille.
Meanwhile, Amazon also announced plans to invest over 1.2 billion euros in France, focusing on developing its Amazon Web Services (AWS) cloud infrastructure and enhancing its parcel delivery service. This investment is expected to create more than 3,000 jobs in the country.
AWS, a significant subsidiary of Amazon, has seen substantial growth, generating $25 billion worldwide in the first quarter alone. The company’s expansion in France includes the creation of 2,000 new jobs in 2024, boosting its workforce to 24,000 employees by year-end, primarily in logistics centers.
As the Choose France Summit commenced, other sectors also witnessed major investments. Pharmaceutical giants such as Pfizer and AstraZeneca announced commitments to invest over a billion euros in France’s health sector. Additionally, plans for a potential fertiliser factory that could significantly reduce carbon dioxide emissions were unveiled by the European consortium FertigHy, indicating a diverse range of investments across industries in France.
These substantial investments from tech giants and other industries underscore France’s attractiveness as a destination for foreign investment and its growing prominence in the global tech and innovation landscape.
Sources By Agencies
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