Latest news with #MohamedbinZayedal-Nahyan
Yahoo
07-02-2025
- Business
- Yahoo
France and UAE partner on 1GW AI data centre
The government of France and the United Arab Emirates (UAE) have agreed on a joint framework agreement for a new 1GW AI data centre. The project represents investments between $30bn and $50bn, reported Reuters. The deal has been reached during a meeting between French President Emmanuel Macron and his Emirati counterpart, Sheikh Mohamed bin Zayed al-Nahyan. The framework agreement outlines investments from a consortium of Franco-Emirati entities, with the objective of establishing a 1GW AI campus in France. A formal announcement regarding the first tranche of investment is scheduled for the Choose France 2025 Summit. As part of the agreement, the countries seek to enhance cooperation in AI, focusing on joint projects and investments aimed at strengthening the AI value chain. This includes funding for AI-driven initiatives in both France and the UAE, as well as the procurement of advanced semiconductor chips, development of data centres, and talent cultivation. Additionally, the agreement provides for the creation of virtual data embassies, which will support sovereign AI and cloud infrastructure advancements in both nations. Meanwhile, the French government reportedly confirmed that it has identified 35 locations suitable for hosting AI data centres. In April 2024, the UAE's Technology Innovation Institute introduced next generation of its Falcon AI models which is said to outperform Meta's Llama 3 model. Falcon 2 11B and 2 11B VLM were released as open source, making their code accessible to developers globally with unrestricted access. Falcon 2 11B VLM features visual-to-language capabilities. This allows analysing images and generate captions to describe the contents of an image. "France and UAE partner on 1GW AI data centre" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Gulf Business
07-02-2025
- Business
- Gulf Business
France, UAE agree to develop 1 gigawatt AI data centre
France and the UAE agreed on Thursday to a framework accord for a 1 gigawatt data centre dedicated to artificial intelligence that represents investments of between $30-$50bn, the French presidency said. President Emmanuel Macron hosted his Emirati counterpart Sheikh Mohamed bin Zayed al-Nahyan on Thursday evening ahead of a summit on artificial intelligence in Paris next week that will gather around 100 countries to focus on AI's potential. The February 10-11 summit also aims to put France and Europe on the AI map as they try to rival the US and China, which have taken a lead on the energy-intensive technology. 'The two leaders expressed their desire to create a strategic partnership in the field of AI and committed to exploring collaborations on projects and investments supporting the development of the AI value chain,' a joint Franco-Emirati statement said. They said the investments would be in both French and Emirati AI, the acquisition of cutting-edge chips, data centres, talent development, as well as the establishment of virtual data embassies to enable the establishment of sovereign AI and cloud infrastructures in both countries. An announcement on the first investments will be made at the Choose France summit later this year. The French government earlier on Thursday said it had located 35 sites to host AI data centres.
Reuters
06-02-2025
- Business
- Reuters
France, UAE agree to develop 1 gigawatt AI data centre
PARIS, Feb 6 (Reuters) - France and the United Arab Emirates agreed on Thursday to a framework accord for a 1 gigawatt data centre dedicated to artificial intelligence that represents investments of between $30-$50 billion, the French presidency said. President Emmanuel Macron hosted his Emirati counterpart Sheikh Mohamed bin Zayed al-Nahyan on Thursday evening ahead of a summit on artificial intelligence in Paris next week that will gather around 100 countries to focus on AI's potential. The February 10-11 summit also aims to put France and Europe on the AI map as they try to rival the U.S. and China, which have taken a lead on the energy-intensive technology. "The two leaders expressed their desire to create a strategic partnership in the field of AI and committed to exploring collaborations on projects and investments supporting the development of the AI value chain," a joint Franco-Emirati statement said. They said the investments would be in both French and Emirati AI, the acquisition of cutting-edge chips, data centres, talent development, as well as the establishment of virtual data embassies to enable the establishment of sovereign AI and cloud infrastructures in both countries. An announcement on the first investments will be made at the Choose France summit later this year. The French government earlier on Thursday said it had located 35 sites to host AI data centres.
