AI and the telco (1/3) - will Orange's new JV with investment fund Morrison juice up France's sovereign AI status?
French telco Orange and investment fund Morrison have announced plans to create a 50-50 joint venture dedicated to data centers in France with the expectation of delivering capacity of 400MW (Megawatts), ten times what Orange currently boasts.
Orange will not contribute equity in the transaction, rather assets in the form of five major data centers across four campuses in France - Chevilly-Larue, Aubervilliers, Chartres and Val-de-Reuil. Meanwhile Morrison commits equity through its global value-add strategy to support the growth of the platform via an investment program of €3 billion.
With a view to the growing debate outside of the US about sovereign cloud, the hope is that the JV will boost France’s status as a potential ‘safe’ location for AI firms to set up business. The new platform will serve as a strategic foundation for Orange Business's cloud and AI solutions, would enable the company to deliver advanced, trusted services...
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