AI Capex Tracker

Fluidstack France supercomputer MoU

commitment · Neocloud

Planned EUR 10bn1

Planned. MoU announced February 2025. Reported memorandum for French AI supercomputer; prospective EUR 10bn project budget, not funded cash capex. Trade report of the announcement; no completion or current continuation assumed. Original disclosure.

Verified

Disclosure dated 2025-02-10

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What this value measures

Project memorandum. Reported memorandum for French AI supercomputer; prospective EUR 10bn project budget, not funded cash capex. Trade report of the announcement; no completion or current continuation assumed. Source definition.

Keep commitment separate from other value types. Annual totals, forecast vintages, programme components and customer contracts can describe overlapping infrastructure. Read the overlap rules.

The reading

Amounts in source currency, billions
Company / programme Reporting entity, programme owner or contract seller. Editorial grouping follows the named source.
Fluidstack 1
Sector Editorial sector classification based on the disclosed business or programme.
Neocloud 1
Value type Capex is reported expenditure; commitment is a purchase agreement or announced investment; guidance is a forecast; programme budget is a policy envelope. Types are never summed.
commitment 1
Amount bn Monetary amount in billions of the stated currency. The qualifier identifies ceilings, floors and approximations. Null means no exact monetary value disclosed.
10 1
Currency Source currency, retained without FX conversion. Applies only to monetary amounts; compare within a single currency.
EUR 1
Qualification Reported, approximate, range, upper/lower bound or plan status, as stated in the source.
Planned 1
Period / horizon Original fiscal period or announced multi-year horizon. Annual totals overlap quarters; future horizons do not imply actual spend.
MoU announced February 2025 1
Disclosure date Date of the cited disclosure or its stated update. Null where a precise date was not verified. Access date is separately recorded.
2025-02-10 1
Measurement basis Accounting or contractual definition. Customer lease revenue is a commitment by the customer, not vendor capex; investment plans are prospective.
Project memorandum 1
Announced capacity MW Source-stated MW; planned rather than verified operational unless the note says otherwise. Qualifier applies; no conversion into capex.
1,000 1

Sources

  1. Fluidstack — France supercomputer MoU accessed 2026-11-11

Cite this reading

AI Capex Tracker, “Fluidstack France supercomputer MoU”, https://aicapextracker.com/fluidstack-france-supercomputer-mou/ (verified 2026-11-11).

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