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Yeah, I don't see it happening. This other tidbit from the article was funny as well: €109 billion investment plan for AI projects in France in the coming year
by rdm_blackhole 2y ago
Yeah, I don't see it happening.
This other tidbit from the article was funny as well: €109 billion investment plan for AI projects in France in the coming years.
How can a journalist write this verbatim when the likelihood of this happening is next to nil. France had a massive budget deficit last year, it had to pass a law to increases taxes (yet again) and is basically broke.
So where is this magic money going to come from? That is the question and theses announcements are never followed by any real investigation from the journalists that are parroting them.
It's vaporware at it's finest.
- bloomingkales 2y agoIf the SEC is a portal between private Finance and government, then AI is a portal between tech and government. It’s a way for money people of a certain tribe to legally funnel money between the government and private sector in full duplex (bi-directional. Government gives you money, you take money and make more money, use it to buy more politicians, who then “invest” more money into … you). These governments are basically being co-opted.
- mgiannopoulos 2y agoIt will come from others. 50 Billion is a deal made with the Saudis. Another 20 from a Canadian fund.
- Luc 2y ago> So where is this magic money going to come from? It's not a French government investment. It's coming from investment funds, Amazon, the UAE, data centre firms, etc.