French Consortium Bids for EU AI Data Centre Fund

The AION consortium including Orange and EDF plans to build a ten billion euro data centre in France to boost European AI infrastructure. The group seeks funding from a new twenty billion euro EU fund alongside private investment to reach a gigawatt of capacity.

Xurve View
Insights:

The AION consortium will seek EU funding for a €10 billion ($11.60 billion) data center project planned for France. It aims to secure funding from the €20 billion infrastructure fund the European Union launched in December. The project aims to close the infrastructure gap between Europe and the United States and China.

The consortium includes CAPGEMINI SE, ORANGE, and ATOS SE through its Bull unit. Other members include Iliad, private equity firm Ardian, and utility provider EDF.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.