Brookfield to Invest €20 Billion in AI Development Across France by 2030, Boosting Data Centers and Infrastructure

Brookfield announced it will spend €20 billion ($20.7 billion) in AI development projects across France until 2030 through its data center investments. This investment decision was reported by La Tribune Dimanche and later confirmed by AFP.

Why It Matters
The statement emerges before the Artificial Intelligence Action Summit in Paris when global leaders will meet to discuss artificial intelligence development and funding commitments. The funding announcement comes after major investments made by France and UAE toward their shared €50 billion ($52 billion) AI campus expansion.

Investment Breakdown

Brookfield will allocate €15 billion to a massive data center in Cambrai, with a capacity of up to one gigawatt. The remainder will support infrastructure projects, including new electricity generation facilities.

Context

Recent AI investment momentum has been driven by the $500 billion Stargate Project in the U.S., led by OpenAI, SoftBank, and MGX, as well as concerns over European competitiveness highlighted in Mario Draghi’s report. France’s energy profile—65% nuclear and 25% renewable—also makes it attractive for energy-intensive AI operations.

Additional AI Investments in France

Bpifrance: France’s public investment bank will invest up to €10 billion in AI startups and venture capital funds, rather than data centers.

Iliad: The telecom giant, backed by financial partners like Infravia, is committing €3 billion to AI, with €2.5 billion allocated to data centers with "hundreds of megawatts" of capacity.

Scaleway: A subsidiary of Iliad, Scaleway provides computing power for European AI firms like Mistral, H, and Photoroom.

The Big Picture

If all announced investments materialize, France could receive up to €83 billion ($85 billion) in AI-related funding, mainly for data centers and infrastructure. More announcements may follow at the AI Action Summit.