France plans 1.8 billion euro support for cloud computing industry

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PARIS : France announced on Tuesday a 1.8 billion euro (US$2.1 billion) support plan for the country's cloud computing industry in a bid to give French companies in the sector global scale. The plan consists of 667 million euros of public financing, 444 million of European Union financing and 680 million

PARIS : France announced on Tuesday a 1.8 billion euro support plan for the country's cloud computing industry in a bid to give French companies in the sector global scale.

The government said 23 research and development projects had already selected, which would receive a total of 421 million euros of public financing. O announced the initiative in the offices of French cloud computing firm OVHcloud, which went public last month after becoming one of the world's top ten players in the industry.

 

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