tech
French private equity group Ardian backs €5bn AI ‘gigafactory’ outside Paris
Data centre and research facility to be built as Europe seeks to create ‘digital backbone for the future’
TL;DR
- Ardian, a French private equity group, is investing in a €5 billion AI gigafactory.
- The facility will be located outside Paris.
- It will function as a data center and a research facility.
- The project aims to build Europe's 'digital backbone for the future'.