First up, lifted in toto from Reuters, May 12:
U.S. internet giant Amazon will announce a new 1.2 billion euros ($1.3 billion) investment in France, the French presidency said on Sunday ahead of the start of the country's annual "Choose France" event.It added that GSK would also announce new investments while Accenture would announce plans to set up new jobs in the artificial intelligence sector. The Choose France event begins on Monday.
And from Bloomberg, May 12:
Amazon, Morgan Stanley, Pfizer to Announce French Investments
- France holds summit aimed at showcasing foreign investment
- Other projects include electric planes and green fertilizer
Amazon.com Inc., Pfizer Inc. and Morgan Stanley are among the companies poised to boost their presence in France, with a flurry of new foreign investments to be unveiled Monday.
President Emmanuel Macron will host 180 CEOs and executives at the Château de Versailles for the “Choose France” summit. The flagship event, now in its seventh year, is part of a push by Macron’s government to re-industrialize the country, simplify its regulations to attract foreign companies, and make it a financial hub for the post-Brexit European Union.
The overall investments will top last year’s €13 billion ($14 billion) of projects unveiled, the Elysee said on Sunday.
Amazon is set to spend €1.2 billion on projects that include reinforcing the e-commerce company’s logistics and increasing computing capacities, especially dedicated to AI, in its cloud division AWS, the Elysee said. The effort should yield about 3,000 additional jobs. In the pharma sector, Pfizer will reinvest €500 million in the country, while AstraZeneca spends about €365 million in the Dunkirk region, the Elysee added....
....MUCH MORE
Before the 2027 Presidential election M. Macron should do his damnedest to move the decimal one spot to the right. It is the single best thing he could do for the country.
As noted in 2022's "How Emmanuel Macron pulled off a French fintech boom":
We've been tracking these developments for the last half-decade*, some links after the jump....
Not just tracking but cheerleading, sometimes with truly awful bilingual wordplay:
FrenchTech: Mistral AI Is Cutting Deals Right and Left
Some adroit, some gauche....
I am so sorry.
