JAPAN’S SoftBank Group will invest 45 billion euros ($52.5bn) over the next five years in a push to build up artificial intelligence infrastructure in France, the company has announced.
SoftBank said the investment, described as the biggest of its kind so far in Europe, would be made in the northern Hauts-de-France region and deliver 3.1 GW of capacity.
The investment plans are due to be formally announced today at the annual Choose France business conference.
French engineering company Schneider Electric said it would be one of the project’s key partners and equip the sites with its modules without disclosing financials. Three sites, including one in Dunkirk, are expected to come into operation by 2031.
Additional sites spread across France are planned further down the road, SoftBank said, pushing the overall planned investment sum to €75bn.
“The fact that the country is a producer and exporter of energy is absolutely decisive for investments in AI infrastructure,” SoftBank founder Masayoshi Son said.
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