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France announces €109B ($113B) AI investment package to answer U.S.’s Stargate

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Top stories today:

  1. France announces €109B ($113B) AI investment package
  2. Trump plans to impose 25% tariffs on all steel, aluminium imports
  3. TikTok negotiations headed by VP Vance, as Elon isn’t interested
  4. SoftBank said to invest $40B in OpenAI at $300B post-money valuation
  5. Safe Superintelligence said to be valued at $20B in new round

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Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):

1. France announces €109B ($113B) AI investment package to answer U.S.’s Stargate

  • “It’s exactly the equivalent for France of what the United States announced with Stargate,” French President Emmanuel Macron said.

  • The UAE, MGX, Brookfield, Bpifrance, and Iliad are early investment pledgers.

  • Orange and Thales are the other investors in the program, Macron said.

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3. Trump plans to impose 25% tariffs on steel, aluminium imports from all countries

U.S. has largely relied on aluminium imports from countries including Canada and the UAE to meet its demand:

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