{"id":3065,"date":"2026-09-28T13:45:11","date_gmt":"2026-09-28T18:45:11","guid":{"rendered":"https:\/\/accendoassociates.com\/?p=3065"},"modified":"2026-09-30T05:28:35","modified_gmt":"2026-09-30T10:28:35","slug":"ai-investment-emerging-markets-aug-sep-2026","status":"publish","type":"post","link":"https:\/\/accendoassociates.com\/fr\/ai-investment-emerging-markets-aug-sep-2026\/","title":{"rendered":"Les infrastructures de calcul repr\u00e9sentent 91 % des engagements publi\u00e9s dans l\u2019IA suivis dans les march\u00e9s \u00e9mergents"},"content":{"rendered":"<link rel=\"preconnect\" href=\"https:\/\/fonts.googleapis.com\">\n<link rel=\"preconnect\" href=\"https:\/\/fonts.gstatic.com\" crossorigin=\"\">\n<link href=\"https:\/\/fonts.googleapis.com\/css2?family=Archivo:wght@400;700;800&amp;family=PT+Sans:wght@700&amp;display=swap\" rel=\"stylesheet\">\n<style>\n  html { overflow-x:hidden; }\n  body { margin:0; background:#fff; font-family:'Archivo', Arial, sans-serif; overflow-x:hidden; }\n  h1,h2,h3,h4 { font-family:'Archivo', Arial, sans-serif; }\n\n.acc-insights-post {\n  --acc-red:var(--global-palette1,#CC0000);\n  --acc-black:var(--global-palette3,#111111);\n  --acc-heading:var(--global-palette3,#0A0A0A);\n  --acc-text:var(--global-palette4,#4B4B4B);\n  --acc-muted:var(--global-palette5,#6B6B6B);\n  --acc-line:var(--global-palette7,#E5E5E5);\n  --acc-soft:var(--global-palette8,#F4F3F0);\n  --acc-white:#FFFFFF;\n  --acc-font-body:var(--global-body-font-family,inherit);\n  --acc-font-heading:var(--global-heading-font-family,var(--global-body-font-family,inherit));\n  color:var(--acc-text);\n  font-family:var(--acc-font-body);\n  line-height:1.58;\n  max-width:none;\n  margin:0 auto;\n}\n.acc-insights-post, .acc-insights-post * { box-sizing:border-box; }\n.acc-insights-post h1, .acc-insights-post h2, .acc-insights-post h3, .acc-insights-post h4 {\n  font-family:var(--acc-font-heading); color:var(--acc-heading); text-rendering:optimizeLegibility;\n}\n.acc-insights-post p { font-family:var(--acc-font-body); }\n.acc-insights-post a { color:var(--acc-red); }\n.acc-insights-post .wrap { max-width:min(1600px, 90vw); margin:0 auto; width:100%; box-sizing:border-box; }\n.acc-insights-post .section {\n  padding:68px 0; border-bottom:1px solid rgba(0,0,0,.06);\n  position:relative; left:50%; right:50%; width:100vw;\n  margin-left:-50vw; margin-right:-50vw;\n}\n.acc-insights-post .section:first-of-type { padding-top:30px; }\n.acc-insights-post .section-white { background:var(--acc-white); }\n.acc-insights-post .section-grey { background:var(--acc-soft); }\n.acc-insights-post .section-head { display:flex; align-items:center; gap:14px; margin-bottom:14px; }\n.acc-insights-post .section-label {\n  color:var(--acc-red); font-size:12px; letter-spacing:.17em; text-transform:uppercase; font-weight:800; line-height:1; white-space:nowrap;\n}\n.acc-insights-post .section-line { display:block; height:1px; flex:1; background:linear-gradient(90deg,rgba(204,0,0,.88),rgba(204,0,0,0)); }\n.acc-insights-post .section-title { font-size:clamp(30px,4vw,46px); line-height:1.06; letter-spacing:-.04em; margin:0 0 18px; font-weight:850; }\n.acc-insights-post .section-lead { font-size:18px; line-height:1.68; margin:0 0 28px; color:var(--acc-text); }\n.acc-insights-post .quote { border-left:4px solid var(--acc-red); background:#fff; padding:19px 22px; margin:26px 0 0; }\n.acc-insights-post .quote p { margin:0; color:var(--acc-heading); font-size:18px; line-height:1.56; }\n.acc-insights-post .update-panel {\n  background:linear-gradient(145deg,#191919,#111111); color:#fff; padding:30px; margin:28px 0 0;\n  border:1px solid rgba(255,255,255,.08); position:relative; overflow:hidden;\n}\n.acc-insights-post .update-panel:before {\n  content:\"\"; position:absolute; inset:0; background:linear-gradient(115deg,rgba(204,0,0,.12),rgba(204,0,0,0) 42%); pointer-events:none;\n}\n.acc-insights-post .update-panel:after {\n  content:\"\"; position:absolute; width:230px; height:230px; right:-120px; top:-120px; border:1px solid rgba(204,0,0,.45); border-radius:50%;\n}\n.acc-insights-post .update-panel p, .acc-insights-post .metric-strip { position:relative; z-index:1; }\n.acc-insights-post .update-panel p { color:rgba(255,255,255,.82); margin:.35rem 0; line-height:1.58; }\n.acc-insights-post .update-panel strong { color:#fff; }\n.acc-insights-post .metric-strip {\n  display:grid; grid-template-columns:repeat(4,minmax(0,1fr)); gap:1px; background:rgba(255,255,255,.12);\n  margin-top:24px; border:1px solid rgba(255,255,255,.11);\n}\n.acc-insights-post .metric { background:#151515; padding:18px 16px; min-height:102px; }\n.acc-insights-post .metric .n { display:block; color:#fff; font-weight:850; font-size:32px; line-height:1; letter-spacing:-.055em; margin-bottom:9px; }\n.acc-insights-post .metric .label { display:block; color:rgba(255,255,255,.68); font-size:12px; text-transform:uppercase; letter-spacing:.12em; font-weight:780; line-height:1.35; }\n.acc-insights-post .featured-offers, .acc-insights-post .insights-card-grid {\n  display:grid; grid-template-columns:repeat(3,minmax(0,1fr)); gap:18px; margin-top:28px;\n}\n.acc-insights-post .offer-card {\n  background:#fff; border:1px solid var(--acc-line); padding:25px; min-height:180px; position:relative;\n  transition:transform .18s ease,box-shadow .18s ease,border-color .18s ease;\n}\n.acc-insights-post .offer-card:before { content:\"\"; position:absolute; top:-1px; left:-1px; right:-1px; height:3px; background:transparent; transition:background .18s ease; }\n.acc-insights-post .offer-card:hover { transform:translateY(-3px); box-shadow:0 16px 38px rgba(0,0,0,.08); border-color:#d8d8d8; }\n.acc-insights-post .offer-card:hover:before { background:var(--acc-red); }\n.acc-insights-post .tag { display:inline-block; color:var(--acc-red); font-size:11px; letter-spacing:.13em; text-transform:uppercase; font-weight:850; margin-bottom:15px; }\n.acc-insights-post .offer-card h3, .acc-insights-post .who-card h3 { margin:0 0 10px; color:var(--acc-heading); font-size:21px; line-height:1.16; letter-spacing:-.025em; font-weight:850; }\n.acc-insights-post .offer-card p, .acc-insights-post .who-card p { margin:.45rem 0; line-height:1.6; color:var(--acc-text); }\n.acc-insights-post .small-note { font-size:14px; color:var(--acc-muted); line-height:1.5; margin-top:12px; }\n.acc-insights-post .who-grid { display:grid; grid-template-columns:repeat(2,minmax(0,1fr)); gap:14px; margin-top:26px; }\n.acc-insights-post .who-card { display:flex; gap:18px; background:#fff; border:1px solid var(--acc-line); padding:23px; }\n.acc-insights-post .who-card.is-empty { background:#fafafa; }\n.acc-insights-post .who-card .n { flex:0 0 auto; color:var(--acc-red); font-weight:850; letter-spacing:-.055em; font-size:32px; line-height:1; }\n.acc-insights-post .who-card ul { margin:.5rem 0 0; padding-left:18px; }\n.acc-insights-post .who-card li { margin:.2rem 0; line-height:1.5; }\n.acc-insights-post .table-shell { overflow-x:auto; margin:28px 0 10px; border:1px solid var(--acc-line); background:#fff; }\n.acc-insights-post table { width:100%; border-collapse:collapse; min-width:760px; background:#fff; }\n.acc-insights-post th, .acc-insights-post td { border-bottom:1px solid var(--acc-line); border-right:1px solid var(--acc-line); padding:14px 15px; vertical-align:top; text-align:left; font-size:14px; line-height:1.45; }\n.acc-insights-post tr:last-child td, .acc-insights-post tr:last-child th { border-bottom:0; }\n.acc-insights-post th:last-child, .acc-insights-post td:last-child { border-right:0; }\n.acc-insights-post thead th { background:#111; color:#fff; font-size:12px; text-transform:uppercase; letter-spacing:.09em; font-weight:850; }\n.acc-insights-post tbody th { color:var(--acc-heading); font-weight:850; background:#fafafa; min-width:150px; }\n.acc-insights-post .heat { font-weight:850; color:var(--acc-heading); }\n.acc-insights-post .heat small { display:block; margin-top:4px; color:var(--acc-muted); font-weight:650; text-transform:none; letter-spacing:0; }\n.acc-insights-post .coverage-strong { background:linear-gradient(180deg,rgba(204,0,0,.13),rgba(204,0,0,.05)); box-shadow:inset 3px 0 0 var(--acc-red); }\n.acc-insights-post .coverage-moderate { background:linear-gradient(180deg,rgba(17,17,17,.07),rgba(17,17,17,.03)); box-shadow:inset 3px 0 0 #777; }\n.acc-insights-post .coverage-limited { background:#fafafa; box-shadow:inset 3px 0 0 #b9b9b9; color:var(--acc-muted); }\n.acc-insights-post details.inventory-details { background:#fff; border:1px solid var(--acc-line); padding:0; margin-top:28px; }\n.acc-insights-post details.inventory-details summary { cursor:pointer; padding:20px 22px; color:var(--acc-heading); font-weight:850; border-bottom:1px solid var(--acc-line); }\n.acc-insights-post .appendix-platform { padding:22px; }\n.acc-insights-post .appendix-platform + .appendix-platform { border-top:1px solid var(--acc-line); }\n.acc-insights-post .appendix-platform h3 { margin:0 0 14px; color:var(--acc-heading); font-size:24px; line-height:1.15; letter-spacing:-.03em; font-weight:850; }\n.acc-insights-post .insights-library-table th, .acc-insights-post .insights-library-table td { font-size:13px; }\n.acc-insights-post .badge {\n  display:inline-block; font-size:9.5px; letter-spacing:.09em; text-transform:uppercase; font-weight:800;\n  padding:2px 6px; border-radius:3px; margin-left:6px; vertical-align:middle; white-space:nowrap;\n}\n.acc-insights-post .badge-new { background:var(--acc-red); color:#fff; }\n.acc-insights-post .badge-updated { background:#111; color:#fff; }\n.acc-insights-post .insights-library-table tr.is-new { background:linear-gradient(90deg,rgba(204,0,0,.07),rgba(204,0,0,.02)); box-shadow:inset 3px 0 0 var(--acc-red); }\n.acc-insights-post .insights-library-table tr.is-updated { background:linear-gradient(90deg,rgba(17,17,17,.06),rgba(17,17,17,.015)); box-shadow:inset 3px 0 0 #777; }\n@media (max-width:900px) {\n  .acc-insights-post .featured-offers, .acc-insights-post .insights-card-grid { grid-template-columns:repeat(2,minmax(0,1fr)); }\n  .acc-insights-post .metric-strip { grid-template-columns:repeat(2,minmax(0,1fr)); }\n}\n@media (max-width:640px) {\n  .acc-insights-post .section { padding:44px 0; }\n  .acc-insights-post .wrap { padding-left:16px; padding-right:16px; }\n  .acc-insights-post .featured-offers, .acc-insights-post .insights-card-grid, .acc-insights-post .who-grid, .acc-insights-post .metric-strip { grid-template-columns:1fr; }\n  .acc-insights-post .who-card { padding:19px; }\n  .acc-insights-post .update-panel { padding:23px; }\n  .acc-insights-post .section-title { font-size:30px; }\n}\n\n\n.acc-insights-post .prose { max-width:740px; margin:0 auto; }\n.acc-insights-post .hero-title {\n  font-weight:850; letter-spacing:-.04em; line-height:1.08;\n  font-size:clamp(32px, 5.6vw, 56px); margin:0 0 22px;\n  overflow-wrap:break-word; word-break:break-word;\n}\n.acc-insights-post .kicker { margin:0 0 16px; }\n.acc-insights-post .byline {\n  font-family:var(--acc-font-body); font-style:italic; font-size:14px; color:var(--acc-muted);\n  margin:26px 0 0; padding-top:26px; border-top:1px solid var(--acc-line);\n}\n.acc-insights-post .body-copy p { font-size:17px; line-height:1.65; margin:0 0 20px; color:var(--acc-text); }\n.acc-insights-post .body-copy p:last-child { margin-bottom:0; }\n.acc-insights-post .cta-lede { font-size:17px; line-height:1.6; }\n.acc-insights-post .btn-row { display:flex; gap:14px; flex-wrap:wrap; margin-top:24px; }\n.acc-insights-post .btn {\n  display:inline-block; font-family:var(--acc-font-body); font-weight:700; font-size:15px;\n  letter-spacing:.01em; text-decoration:none; border-radius:3px;\n  padding:14px 26px; max-width:100%; line-height:1.35;\n}\n.acc-insights-post .btn-primary { background:var(--acc-red); color:#fff; }\n.acc-insights-post .btn-primary:hover { opacity:.88; }\n.acc-insights-post .btn-outline {\n  background:transparent; border:1px solid rgba(255,255,255,.55); color:#fff;\n  font-size:14px; letter-spacing:.06em; text-transform:uppercase; font-weight:800;\n}\n.acc-insights-post .btn-outline:hover { border-color:#fff; }\n.acc-insights-post footer.site-footer {\n  border-top:1px solid var(--acc-line); padding-top:32px; margin-top:8px;\n}\n.acc-insights-post footer.site-footer img.logo { height:26px; margin-bottom:16px; display:block; }\n.acc-insights-post footer.site-footer p {\n  font-size:13px; font-style:italic; color:var(--acc-muted); line-height:1.6; margin:0;\n}\n@media (max-width:640px) {\n  .acc-insights-post .btn { width:100%; text-align:center; }\n}\n\n<\/style>\n\n\n<style>.acc-insights-post figure.acc-chart{margin:30px 0 6px;padding:18px;background:#fff;border:1px solid var(--acc-line);border-radius:12px}.acc-insights-post figure.acc-chart img{display:block;width:100%;height:auto}.acc-insights-post figure.acc-chart figcaption{margin-top:10px;font-style:italic}.acc-insights-post table caption{caption-side:top;text-align:left;padding:0 0 10px}<\/style>\n<div class=\"acc-insights-post\">\n\n<section class=\"section section-white\">\n<div class=\"wrap\">\n<div class=\"prose\">\n<p class=\"section-label kicker\">Flux de capitaux | Accendo Signals<\/p>\n<p class=\"section-lead\"><em>Capitaux sign\u00e9s pour l\u2019IA dans cinq r\u00e9gions de march\u00e9s \u00e9mergents, du 1er ao\u00fbt au 25 septembre 2026.<\/em><\/p>\n<\/div>\n<\/div>\n<\/section>\n\n<section class=\"section section-grey\">\n<div class=\"wrap\">\n<div class=\"prose\">\n<h2 class=\"section-title\"><\/h2>\n<div class=\"metric-strip\">\n<div class=\"metric\"><span class=\"n\">3,45 Md USD<\/span><span class=\"label\">Sign\u00e9s pour le calcul, 8 op\u00e9rations<\/span><\/div>\n<div class=\"metric\"><span class=\"n\">169 M USD<\/span><span class=\"label\">Sign\u00e9s pour les applications, 15 op\u00e9rations<\/span><\/div>\n<div class=\"metric\"><span class=\"n\">51%<\/span><span class=\"label\">Part du calcul hors pr\u00eat Zankore<\/span><\/div>\n<div class=\"metric\"><span class=\"n\">67 Md USD<\/span><span class=\"label\">Annonc\u00e9s, pas encore sign\u00e9s<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n<section class=\"section section-white\">\n<div class=\"wrap\">\n<div class=\"prose\">\n<div class=\"body-copy\">\n<p>Les infrastructures de calcul repr\u00e9sentent 91 % de la valeur publi\u00e9e des engagements dans l\u2019IA sign\u00e9s dans les march\u00e9s \u00e9mergents entre le 1er ao\u00fbt et le 25 septembre 2026. Sur 3,79 milliards USD engag\u00e9s par des accords ex\u00e9cut\u00e9s dans cinq r\u00e9gions, 3,45 milliards USD financent le calcul. La <a href=\"https:\/\/accendoassociates.com\/fr\/capital-flows-map\/\">carte des flux de capitaux d\u2019Accendo Signals<\/a> recense 25 op\u00e9rations sign\u00e9es sur la p\u00e9riode. Les applications et services en ont conclu 15, pour 169 millions USD.<\/p>\n<p>Le chiffre phare repose sur une seule transaction. Zankore, fournisseur de cloud IA en Indon\u00e9sie, a sign\u00e9 une facilit\u00e9 de pr\u00eat \u00e0 terme senior pouvant atteindre 3,1 milliards USD avec Citi, ING, Natixis, Qatar National Bank et UOB. Cette facilit\u00e9 repr\u00e9sente 82 % de toute la valeur sign\u00e9e. Sans elle, la valeur sign\u00e9e tombe \u00e0 690 millions USD et la part du calcul \u00e0 51 %. La p\u00e9riode livre donc deux constats : une concentration exceptionnelle dans un seul financement d\u2019infrastructure, et un march\u00e9 plus large fait de nombreuses petites op\u00e9rations d\u2019applications.<\/p>\n<p>Ici, une op\u00e9ration sign\u00e9e d\u00e9signe un accord ex\u00e9cut\u00e9 pour une transaction pr\u00e9cise et dat\u00e9e. Les chiffres sont des engagements \u00e0 la signature. Un pr\u00eat est enregistr\u00e9 pour le montant total de la facilit\u00e9, qui est un plafond d\u2019emprunt et n\u2019indique rien sur le montant tir\u00e9. Dix des 25 op\u00e9rations sign\u00e9es n\u2019ont pas publi\u00e9 de montant : toutes les valeurs de cette note sont donc des valeurs publi\u00e9es. Pour le jeu de donn\u00e9es complet depuis janvier 2023, voir <a href=\"https:\/\/accendoassociates.com\/fr\/necessary-not-sufficient-fund-flows\/\">N\u00e9cessaire, mais pas suffisant<\/a>.<\/p>\n<\/div>\n<figure class=\"acc-chart\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/accendoassociates.com\/wp-content\/uploads\/2026\/09\/fA_concentration.png?resize=1300%2C343&#038;ssl=1\" alt=\"Deux graphiques \u00e0 barres des investissements sign\u00e9s dans l\u2019IA dans les march\u00e9s \u00e9mergents par couche de la pile. Avec toutes les op\u00e9rations sign\u00e9es (3,79 milliards USD), les infrastructures de calcul repr\u00e9sentent 3 451 millions USD, soit 91 %, les capacit\u00e9s humaines 170 millions USD, soit 4 %, et les applications et services 169 millions USD, soit 4 %. Hors pr\u00eat Zankore (690 millions USD), le calcul repr\u00e9sente 351 millions USD, soit 51 %, les capacit\u00e9s humaines 25 % et les applications 24 %.\" width=\"1300\" height=\"343\" loading=\"lazy\"><figcaption class=\"small-note\">Figure 1. Valeur publi\u00e9e des op\u00e9rations sign\u00e9es par couche de la pile, avec et sans la facilit\u00e9 de pr\u00eat Zankore. L\u2019op\u00e9ration de politique publique n\u2019a pas publi\u00e9 de montant et aucune op\u00e9ration de socle de donn\u00e9es n\u2019a \u00e9t\u00e9 enregistr\u00e9e. Source : carte des flux de capitaux d\u2019Accendo Signals, entr\u00e9es dont la date d\u2019annonce va du 1er ao\u00fbt au 25 septembre 2026.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/section>\n\n<section class=\"section section-grey\">\n<div class=\"wrap\">\n<div class=\"prose\">\n<div class=\"section-head\">\n<span class=\"section-label\">La concentration<\/span>\n<span class=\"section-line\"><\/span>\n<\/div>\n<h2 class=\"section-title\"><\/h2>\n<div class=\"body-copy\">\n<p>La facilit\u00e9 Zankore finance la prochaine phase de d\u00e9ploiement de GPU d\u2019une plateforme de cloud IA reposant sur NVIDIA. La deuxi\u00e8me op\u00e9ration sign\u00e9e par ordre de taille est un investissement en capital de 300 millions USD dans WIOCC, l\u2019entreprise africaine d\u2019infrastructures num\u00e9riques, par Africa Finance Corporation et Vision Invest. Ensemble, ces deux op\u00e9rations repr\u00e9sentent environ 90 % de la valeur sign\u00e9e. La dette porte 86 % de la valeur sign\u00e9e sur deux pr\u00eats, ce qui refl\u00e8te la taille de la facilit\u00e9 Zankore plus qu\u2019une pr\u00e9f\u00e9rence g\u00e9n\u00e9rale pour la dette.<\/p>\n<p>Le calcul reste la premi\u00e8re couche une fois Zankore mis de c\u00f4t\u00e9, avec 351 millions USD sur 690 millions USD. La part passe de neuf dollars sur dix \u00e0 environ un sur deux. Cinq des huit op\u00e9rations de calcul n\u2019ont pas publi\u00e9 de montant : les chiffres publi\u00e9s sous-estiment donc probablement le calcul plut\u00f4t qu\u2019ils ne le surestiment. Le constat de concentration tient, et il tient \u00e0 une \u00e9chelle bien plus proche du reste du march\u00e9.<\/p>\n<p>Le registre complet depuis janvier 2023 est bien moins sensible \u00e0 une op\u00e9ration isol\u00e9e. Sur 206 transactions sign\u00e9es repr\u00e9sentant 90,1 milliards USD de valeur publi\u00e9e, le calcul en d\u00e9tient 97 %. Hors la plus importante, le centre de donn\u00e9es Stargate de 25 milliards USD en Patagonie, en Argentine, le calcul en d\u00e9tient encore 95 %. Les deux mois couverts ici sont plus fragiles que la tendance de long terme, et la tendance de long terme va dans le m\u00eame sens.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n<section class=\"section section-white\">\n<div class=\"wrap\">\n<div class=\"prose\">\n<div class=\"section-head\">\n<span class=\"section-label\">La pile<\/span>\n<span class=\"section-line\"><\/span>\n<\/div>\n<h2 class=\"section-title\">Les applications ont conclu le plus d\u2019op\u00e9rations, avec les plus petits tickets<\/h2>\n<div class=\"body-copy\">\n<p>Les applications et services ont conclu 15 des 25 op\u00e9rations sign\u00e9es, surtout des tours d\u2019amor\u00e7age en Am\u00e9rique latine et des investissements strat\u00e9giques en Arabie saoudite. La plus importante est de 125 millions USD pour Kapital Grupo Financiero au Mexique. Le capital-risque d\u2019amor\u00e7age a conclu huit op\u00e9rations pour 32 millions USD au total, et les subventions trois pour 11,5 millions USD. Les capacit\u00e9s humaines ont attir\u00e9 un engagement sign\u00e9, un pr\u00eat de 170 millions USD du Fonds de coop\u00e9ration pour le d\u00e9veloppement \u00e9conomique de la Cor\u00e9e du Sud destin\u00e9 \u00e0 un institut de formation \u00e0 l\u2019IA et au num\u00e9rique en Tanzanie. La politique publique a attir\u00e9 une op\u00e9ration sign\u00e9e sans montant publi\u00e9.<\/p>\n<p>Nous n\u2019avons identifi\u00e9 aucune transaction sign\u00e9e de socle de donn\u00e9es class\u00e9e s\u00e9par\u00e9ment dans les entr\u00e9es suivies. Le travail sur les donn\u00e9es peut figurer dans des budgets d\u2019applications, de recherche ou d\u2019infrastructure : l\u2019absence d\u2019une ligne socle de donn\u00e9es ne signifie donc pas qu\u2019aucun financement n\u2019est all\u00e9 aux donn\u00e9es.<\/p>\n<\/div>\n<figure class=\"acc-chart\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/accendoassociates.com\/wp-content\/uploads\/2026\/09\/fB_deals_by_layer.png?resize=1300%2C282&#038;ssl=1\" alt=\"Graphique \u00e0 barres empil\u00e9es des 25 op\u00e9rations d\u2019IA sign\u00e9es dans les march\u00e9s \u00e9mergents par couche de la pile, selon que le montant a \u00e9t\u00e9 publi\u00e9 ou non : infrastructures de calcul, 8 op\u00e9rations dont 3 publi\u00e9es ; capacit\u00e9s humaines, 1 op\u00e9ration dont 1 publi\u00e9e ; applications et services, 15 op\u00e9rations dont 11 publi\u00e9es ; cadre politique et r\u00e9glementaire, 1 op\u00e9ration sans montant publi\u00e9.\" width=\"1300\" height=\"282\" loading=\"lazy\"><figcaption class=\"small-note\">Figure 2. Op\u00e9rations sign\u00e9es par couche de la pile, selon que le montant a \u00e9t\u00e9 publi\u00e9 ou non. Source : carte des flux de capitaux d\u2019Accendo Signals, entr\u00e9es dont la date d\u2019annonce va du 1er ao\u00fbt au 25 septembre 2026.<\/figcaption><\/figure>\n<div class=\"body-copy\" style=\"margin-top:24px;\">\n<p>L\u2019intensit\u00e9 capitalistique varie selon les couches. Un centre de donn\u00e9es co\u00fbte plus cher qu\u2019une entreprise de logiciels au stade de l\u2019amor\u00e7age : une faible part de valeur pour les applications ne montre donc pas \u00e0 elle seule qu\u2019elles sont sous-financ\u00e9es. La vraie question est de savoir si les applications, les comp\u00e9tences et les donn\u00e9es re\u00e7oivent assez de financement pour transformer les nouvelles infrastructures en services utilis\u00e9s par les personnes et les entreprises.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n<section class=\"section section-grey\">\n<div class=\"wrap\">\n<div class=\"prose\">\n<div class=\"section-head\">\n<span class=\"section-label\">Ce que cela signifie<\/span>\n<span class=\"section-line\"><\/span>\n<\/div>\n<h2 class=\"section-title\">Les donn\u00e9es posent une question diff\u00e9rente \u00e0 chaque type d\u2019investisseur<\/h2>\n<div class=\"body-copy\">\n<p>Le chiffre sign\u00e9 montre o\u00f9 quelqu\u2019un a pris un risque, \u00e0 quelles conditions et avec qui. Les parts ci-dessus d\u00e9crivent o\u00f9 l\u2019argent sign\u00e9 est engag\u00e9. Elles ne prouvent pas o\u00f9 l\u2019argent manque. Elles orientent toutefois chaque groupe d\u2019investisseurs vers une piste d\u2019analyse pr\u00e9cise.<\/p>\n<\/div>\n<div class=\"insights-card-grid\">\n<div class=\"offer-card\"><span class=\"tag\">Investisseurs en infrastructures<\/span><h3>La demande derri\u00e8re la capacit\u00e9<\/h3><p>La capacit\u00e9 annonc\u00e9e est importante. Les questions de due diligence portent sur la demande, l\u2019utilisation, la disponibilit\u00e9 de l\u2019\u00e9lectricit\u00e9 et les conditions de financement de chaque installation.<\/p><\/div>\n<div class=\"offer-card\"><span class=\"tag\">Bailleurs du d\u00e9veloppement<\/span><h3>L\u00e0 o\u00f9 le capital catalytique change le mod\u00e8le<\/h3><p>Les donn\u00e9es locales, les comp\u00e9tences de mise en \u0153uvre et l\u2019appui \u00e0 l\u2019adoption apparaissent \u00e0 peine dans les op\u00e9rations sign\u00e9es. Il vaut la peine d\u2019examiner o\u00f9 ils manquent d\u2019un mod\u00e8le de financement viable, et o\u00f9 un capital mixte ou catalytique changerait la donne.<\/p><\/div>\n<div class=\"offer-card\"><span class=\"tag\">Investisseurs dans les applications<\/span><h3>De l\u2019activit\u00e9 aux revenus r\u00e9currents<\/h3><p>Quinze petites op\u00e9rations t\u00e9moignent d\u2019une activit\u00e9. La suite d\u00e9pend de la capacit\u00e9 de ces entreprises \u00e0 atteindre des revenus r\u00e9currents et \u00e0 lever des tours suivants.<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n<section class=\"section section-white\">\n<div class=\"wrap\">\n<div class=\"prose\">\n<div class=\"section-head\">\n<span class=\"section-label\">Les r\u00e9gions<\/span>\n<span class=\"section-line\"><\/span>\n<\/div>\n<div class=\"table-shell\">\n<table>\n<caption class=\"small-note\">Capitaux pour l\u2019IA sign\u00e9s et non sign\u00e9s par r\u00e9gion, du 1er ao\u00fbt au 25 septembre 2026. Les valeurs sont des montants publi\u00e9s en dollars am\u00e9ricains.<\/caption>\n<thead>\n<tr><th scope=\"col\">R\u00e9gion<\/th><th scope=\"col\">Op\u00e9rations sign\u00e9es<\/th><th scope=\"col\">Valeur sign\u00e9e<\/th><th scope=\"col\">Non sign\u00e9<\/th><th scope=\"col\">Ce qui l\u2019explique<\/th><\/tr>\n<\/thead>\n<tbody>\n<tr><th scope=\"row\">Asie du Sud-Est<\/th><td>3<\/td><td>3,1 Md USD<\/td><td>34,5 Md USD<\/td><td>Pr\u00eat Zankore ; plan directeur des infrastructures AI+ des Philippines (objectif de 34,4 milliards USD d\u2019ici 2033)<\/td><\/tr>\n<tr><th scope=\"row\">Asie du Sud<\/th><td>4<\/td><td>12 M USD<\/td><td>17,7 Md USD<\/td><td>Trois campus de centres de donn\u00e9es en Inde (deux au Telangana, un \u00e0 Puri, en Odisha) et un projet de fonds national pour l\u2019IA de pointe et le calcul<\/td><\/tr>\n<tr><th scope=\"row\">Am\u00e9rique latine et Cara\u00efbes<\/th><td>9<\/td><td>206 M USD<\/td><td>12,0 Md USD<\/td><td>Kapital Grupo Financiero ; programme de transformation num\u00e9rique de la CAF<\/td><\/tr>\n<tr><th scope=\"row\">Afrique subsaharienne<\/th><td>3<\/td><td>470 M USD<\/td><td>1,7 Md USD<\/td><td>Prise de participation dans WIOCC et pr\u00eat pour la formation en Tanzanie ; centre de donn\u00e9es et usine de GNL \u00e0 Mombasa<\/td><\/tr>\n<tr><th scope=\"row\">Moyen-Orient et Afrique du Nord<\/th><td>6<\/td><td>1,5 M USD<\/td><td>1,0 Md USD<\/td><td>Cinq investissements strat\u00e9giques non publi\u00e9s ; objectif de centre de donn\u00e9es souverain d\u2019IA en \u00c9gypte<\/td><\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div class=\"body-copy\" style=\"margin-top:28px;\">\n<p>En Afrique subsaharienne et en \u00c9gypte, la valeur sign\u00e9e enregistr\u00e9e est de 470 millions USD contre environ 2,7 milliards USD non sign\u00e9s, soit un rapport d\u2019environ six pour un contre 18 pour un au total. Les entr\u00e9es sign\u00e9es et non sign\u00e9es sont des projets diff\u00e9rents, avec des calendriers diff\u00e9rents : ce rapport n\u2019est donc pas un taux de conversion. Le d\u00e9ploiement de cloud GPU de Stratos Lab en Afrique du Sud, avec ECOBLOX et Digital Parks Africa, est la troisi\u00e8me op\u00e9ration africaine sign\u00e9e et n\u2019a pas publi\u00e9 de montant.<\/p>\n<p>Plus de la moiti\u00e9 de la valeur africaine non sign\u00e9e associe des centres de donn\u00e9es \u00e0 leur propre alimentation \u00e9lectrique : un centre de donn\u00e9es et une usine de GNL de 1,5 milliard USD \u00e0 Mombasa, soutenus par AMACO Energy Group et GE Vernova, et un centre de donn\u00e9es et une centrale \u00e9lectrique de 75 millions USD \u00e0 Douala, port\u00e9s par Cybastion. La Soci\u00e9t\u00e9 am\u00e9ricaine de financement du d\u00e9veloppement international a sign\u00e9 une lettre d\u2019intention de 155 millions USD dans WIOCC, aux c\u00f4t\u00e9s de l\u2019investissement d\u2019Africa Finance Corporation.<\/p>\n<p>Au Moyen-Orient et en Afrique du Nord, cinq des six op\u00e9rations sign\u00e9es sont des investissements strat\u00e9giques de HUMAIN et White &amp; Case sans montant publi\u00e9. La valeur suivie dans cette r\u00e9gion sous-estime l\u2019activit\u00e9.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n<section class=\"section section-grey\">\n<div class=\"wrap\">\n<div class=\"prose\">\n<div class=\"section-head\">\n<span class=\"section-label\">Philanthropie<\/span>\n<span class=\"section-line\"><\/span>\n<\/div>\n<h2 class=\"section-title\">La philanthropie a engag\u00e9 160 millions USD dans l\u2019IA pour les petits exploitants agricoles<\/h2>\n<div class=\"body-copy\">\n<p>Deux engagements philanthropiques de la p\u00e9riode visent l\u2019agriculture. Google et la Fondation Gates ont engag\u00e9 100 millions USD pour \u00e9tendre des outils d\u2019IA destin\u00e9s aux petits exploitants en Afrique subsaharienne et en Asie du Sud. L\u2019OpenAI Foundation a engag\u00e9 60 millions USD dans des pr\u00e9visions m\u00e9t\u00e9orologiques et de maladies des cultures fond\u00e9es sur l\u2019IA, via six partenaires, avec des travaux en Asie du Sud, en Asie du Sud-Est et en Afrique de l\u2019Est. La subvention de 10 millions USD \u00e0 AIM for Scale fait partie de ces 60 millions USD et ne s\u2019y ajoute pas.<\/p>\n<p>Les deux engagements les plus importants sont enregistr\u00e9s comme enveloppes engag\u00e9es : l\u2019argent est engag\u00e9 mais pas encore rattach\u00e9 \u00e0 une transaction. Ils figurent dans le chiffre de 980 millions USD d\u2019enveloppes et hors du total sign\u00e9. La subvention de 10 millions USD \u00e0 AIM for Scale est la premi\u00e8re attribution sign\u00e9e du programme d\u2019OpenAI et elle est compt\u00e9e dans le total sign\u00e9. Les chiffres sign\u00e9s et les enveloppes ne sont jamais additionn\u00e9s : le recoupement ne gonfle donc ni l\u2019un ni l\u2019autre.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n<section class=\"section section-white\">\n<div class=\"wrap\">\n<div class=\"prose\">\n<div class=\"section-head\">\n<span class=\"section-label\">Le pipeline<\/span>\n<span class=\"section-line\"><\/span>\n<\/div>\n<h2 class=\"section-title\">Huit plans repr\u00e9sentent presque la totalit\u00e9 des 67 milliards USD non encore sign\u00e9s<\/h2>\n<div class=\"body-copy\">\n<p>Les plans annonc\u00e9s visent surtout le calcul. Sur 67 milliards USD d\u2019objectifs et de lettres d\u2019intention, environ 55 milliards USD (82 %) concernent des centres de donn\u00e9es, des fonds de calcul et l\u2019\u00e9lectricit\u00e9 pour les faire fonctionner. Le plus grand plan est le plan directeur des infrastructures AI+ des Philippines, \u00e0 34,4 milliards USD. 12 milliards USD suppl\u00e9mentaires correspondent au programme de transformation num\u00e9rique de la CAF, la banque de d\u00e9veloppement de l\u2019Am\u00e9rique latine et des Cara\u00efbes, qui couvre l\u2019IA, les centres de donn\u00e9es, le calcul haute performance et la cybers\u00e9curit\u00e9. La CAF n\u2019a pas pr\u00e9cis\u00e9 la part de l\u2019IA ou du calcul dans ce programme : nous enregistrons donc le montant total et traitons sa part de calcul comme une borne sup\u00e9rieure.<\/p>\n<p>En additionnant toutes les cat\u00e9gories, ces deux mois atteindraient environ 72 milliards USD, contre 3,79 milliards USD engag\u00e9s dans des transactions pr\u00e9cises. Un objectif peut \u00eatre r\u00e9vis\u00e9, report\u00e9 ou abandonn\u00e9 sans que personne ne rompe un accord, et les montants annonc\u00e9s sont souvent des plafonds r\u00e9partis sur de nombreuses ann\u00e9es.<\/p>\n<\/div>\n<figure class=\"acc-chart\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/accendoassociates.com\/wp-content\/uploads\/2026\/09\/capital-flows-aug-sep-2026-c4-largest-unsigned.png?w=1300&#038;ssl=1\" alt=\"Graphique \u00e0 barres des huit plus grands plans d\u2019investissement dans l\u2019IA annonc\u00e9s mais non sign\u00e9s dans les march\u00e9s \u00e9mergents, men\u00e9s par le plan directeur des infrastructures AI+ des Philippines (34,4 milliards USD) et le programme de transformation num\u00e9rique de la CAF (12 milliards USD).\"  loading=\"lazy\"><figcaption class=\"small-note\">Figure 3. Les huit plus grandes entr\u00e9es annonc\u00e9es et non sign\u00e9es. Les huit sont toujours en cours d\u2019examen. Source : carte des flux de capitaux d\u2019Accendo Signals, entr\u00e9es dont la date d\u2019annonce va du 1er ao\u00fbt au 25 septembre 2026.<\/figcaption><\/figure>\n<div class=\"body-copy\" style=\"margin-top:24px;\">\n<p>Huit entr\u00e9es repr\u00e9sentent 66,6 milliards USD du total non sign\u00e9. Sept sont des objectifs et une est une lettre d\u2019intention. Les huit sont arriv\u00e9es lors du recensement de septembre et sont toujours en cours d\u2019examen : le total peut donc \u00e9voluer une fois les doublons et les corrections trait\u00e9s.<\/p>\n<p>Beaucoup de plans non sign\u00e9s sont des programmes pluriannuels annonc\u00e9s r\u00e9cemment, et ils avancent peut-\u00eatre comme pr\u00e9vu. Quand un plan cale, la cause est souvent l\u2019absence de structure de financement, d\u2019alimentation \u00e9lectrique, d\u2019acheteur ou de garantie. C\u2019est l\u00e0 que le financement mixte et le financement du d\u00e9veloppement peuvent aider \u00e0 transformer une annonce en transaction.<\/p>\n<\/div>\n<div class=\"quote\"><p>La question des deux prochains trimestres est la conversion. Nous suivrons les m\u00eames entr\u00e9es et indiquerons combien des huit grands plans aboutissent \u00e0 un financement sign\u00e9.<\/p><\/div>\n<\/div>\n<\/div>\n<\/section>\n\n<section class=\"section section-grey\">\n<div class=\"wrap\">\n<div class=\"prose\">\n<div class=\"section-head\">\n<span class=\"section-label\">Ce que nous allons suivre<\/span>\n<span class=\"section-line\"><\/span>\n<\/div>\n<h2 class=\"section-title\">La conversion, la transparence et les couches au-dessus du calcul m\u00e9ritent l\u2019attention<\/h2>\n<div class=\"insights-card-grid\">\n<div class=\"offer-card\"><span class=\"tag\">Conversion<\/span><h3>Quels plans aboutissent \u00e0 un financement sign\u00e9<\/h3><p>Nous suivons les m\u00eames entr\u00e9es dans le temps. Un pr\u00eat sign\u00e9 ou une lev\u00e9e de capital conclue fait passer une entr\u00e9e dans le total sign\u00e9, et c\u2019est seulement alors que nous la d\u00e9clarons convertie.<\/p><\/div>\n<div class=\"offer-card\"><span class=\"tag\">Transparence<\/span><h3>Montants des op\u00e9rations strat\u00e9giques<\/h3><p>Dix des 25 op\u00e9rations sign\u00e9es n\u2019ont pas de montant, pour la plupart des investissements strat\u00e9giques en Arabie saoudite. Nous ajouterons les montants \u00e0 mesure de leur publication.<\/p><\/div>\n<div class=\"offer-card\"><span class=\"tag\">Comp\u00e9tences et donn\u00e9es<\/span><h3>Les couches au-dessus du calcul<\/h3><p>Le calcul est financ\u00e9. Nous suivrons si les comp\u00e9tences, les donn\u00e9es et l\u2019appui \u00e0 l\u2019adoption n\u00e9cessaires pour l\u2019utiliser attirent des capitaux sign\u00e9s dans les prochains mois.<\/p><\/div>\n<\/div>\n<div class=\"body-copy\" style=\"margin-top:32px;\">\n<p>Le calcul est n\u00e9cessaire \u00e0 l\u2019IA dans les march\u00e9s \u00e9mergents, et il est financ\u00e9 \u00e0 grande \u00e9chelle. Le prochain test est de savoir si les couches qui transforment le calcul en services utiles suivent. Nous invitons les investisseurs, bailleurs de fonds et fondateurs \u00e0 utiliser la carte des flux de capitaux, d\u00e9sormais disponible en <a href=\"https:\/\/accendoassociates.com\/fr\/capital-flows-map\/\">anglais<\/a>, <a href=\"https:\/\/accendoassociates.com\/fr\/capital-flows-map\/es\/\" hreflang=\"es\">espagnol<\/a> et les <a href=\"https:\/\/accendoassociates.com\/fr\/capital-flows-map\/fr\/\" hreflang=\"fr\">fran\u00e7ais<\/a>, et \u00e0 nous signaler les op\u00e9rations sign\u00e9es qui nous auraient \u00e9chapp\u00e9.<\/p>\n<\/div>\n<div class=\"update-panel\">\n<p class=\"cta-lede\">Chaque entr\u00e9e de cette note, avec sa source, figure sur la carte des flux de capitaux. Filtrez par r\u00e9gion, couche de la pile, type d\u2019investissement et secteur, ou lisez la ventilation compl\u00e8te sur la page d\u2019analyse.<\/p>\n<div class=\"btn-row\">\n<a class=\"btn btn-primary\" href=\"https:\/\/accendoassociates.com\/fr\/capital-flows-map\/\">Explorer la carte des flux de capitaux \u2192<\/a>\n<a class=\"btn btn-outline\" href=\"https:\/\/accendoassociates.com\/fr\/capital-flows-map\/analysis\/\">Lire la page d\u2019analyse<\/a>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n<section class=\"section section-white\">\n<div class=\"wrap\">\n<div class=\"prose\">\n<div class=\"section-head\">\n<span class=\"section-label\">M\u00e9thode<\/span>\n<span class=\"section-line\"><\/span>\n<\/div>\n<h2 class=\"section-title\">Comment les chiffres ont \u00e9t\u00e9 compt\u00e9s<\/h2>\n<div class=\"insights-card-grid\">\n<div class=\"offer-card\"><span class=\"tag\">Op\u00e9ration sign\u00e9e<\/span><h3>Un accord ex\u00e9cut\u00e9<\/h3><p>Statut de l\u2019engagement : engag\u00e9 ; type d\u2019enregistrement : op\u00e9ration. Un accord ex\u00e9cut\u00e9 existe pour une transaction pr\u00e9cise et dat\u00e9e ; ses conditions peuvent ne pas \u00eatre publiques. Les 25 op\u00e9rations sign\u00e9es se r\u00e9partissent en 8 dans le calcul, 15 dans les applications et services, 1 dans les capacit\u00e9s humaines et 1 dans la politique publique.<\/p><\/div>\n<div class=\"offer-card\"><span class=\"tag\">Enveloppe engag\u00e9e<\/span><h3>Engag\u00e9e, destination ouverte<\/h3><p>Fonds, programmes nationaux d\u2019entreprises et allocations nationales engag\u00e9s mais non rattach\u00e9s \u00e0 une transaction (980 millions USD sur 14 entr\u00e9es). Exclus du total sign\u00e9.<\/p><\/div>\n<div class=\"offer-card\"><span class=\"tag\">Annonc\u00e9, non sign\u00e9<\/span><h3>Intention sans obligation<\/h3><p>Objectifs, lettres d\u2019intention et protocoles d\u2019accord (67 milliards USD sur 14 entr\u00e9es). Une lettre d\u2019intention ou un protocole est class\u00e9 selon la preuve d\u2019une obligation de financement dans son texte, et non selon son titre. Exclus du total sign\u00e9 et pr\u00e9sent\u00e9s s\u00e9par\u00e9ment.<\/p><\/div>\n<\/div>\n<div class=\"body-copy small-note\" style=\"margin-top:28px;\">\n<ul>\n<li><em>P\u00e9rim\u00e8tre.<\/em> Entr\u00e9es dont la date d\u2019annonce est post\u00e9rieure au 1er ao\u00fbt 2026, enregistr\u00e9es sur la carte au 25 septembre 2026. Il s\u2019agit d\u2019une mise \u00e0 jour de septembre \u00e0 date ; les entr\u00e9es dat\u00e9es apr\u00e8s le 25 septembre figureront dans la prochaine \u00e9dition. Les lignes marqu\u00e9es comme doublons sont exclues.<\/li>\n<li><em>Rapprochement.<\/em> La p\u00e9riode compte 61 entr\u00e9es : 25 op\u00e9rations sign\u00e9es, 14 enveloppes engag\u00e9es, 14 annonces non sign\u00e9es et 8 entr\u00e9es enfants. Les entr\u00e9es enfants (761 millions USD) sont d\u00e9j\u00e0 repr\u00e9sent\u00e9es dans une entr\u00e9e parent et ne sont pas compt\u00e9es deux fois. Ces 761 millions USD ne sont pas un financement manquant.<\/li>\n<li><em>Valeurs.<\/em> Engagements \u00e0 la signature, convertis en dollars am\u00e9ricains selon la base de taux de change enregistr\u00e9e pour chaque entr\u00e9e. Les pr\u00eats sont enregistr\u00e9s pour le montant total de la facilit\u00e9 sign\u00e9e, et non pour le montant tir\u00e9. Les parts ne portent que sur la valeur publi\u00e9e.<\/li>\n<li><em>Statut.<\/em> 36 entr\u00e9es sont publi\u00e9es et 25 en cours d\u2019examen. Treize des 14 entr\u00e9es non sign\u00e9es, et 66,8 milliards USD sur 67 milliards USD, sont en cours d\u2019examen : les chiffres non sign\u00e9s sont donc provisoires.<\/li>\n<li><em>Arrondis.<\/em> Les chiffres sont arrondis pour la lecture. Les pourcentages sont calcul\u00e9s sur les valeurs non arrondies.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Le calcul repr\u00e9sente 91 % des 3,79 milliards USD d\u2019engagements dans l\u2019IA sign\u00e9s dans cinq r\u00e9gions de march\u00e9s \u00e9mergents entre le 1er ao\u00fbt et le 25 septembre 2026. Un seul pr\u00eat de 3,1 milliards USD explique la valeur ; les applications ont conclu 15 op\u00e9rations sur 25.<\/p>","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"nf_dc_page":"","_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_monsterinsights_skip_tracking":false,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"_kadence_starter_templates_imported_post":false,"_swpsp_post_exclude":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"default","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[36],"tags":[58,59,60,61,57],"class_list":["post-3065","post","type-post","status-publish","format-standard","hentry","category-insights","tag-ai","tag-artificial-intelligence","tag-capital-flows","tag-emerging-markets","tag-impact-investing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Compute Is 91% of Signed AI Investment in Emerging Markets<\/title>\n<meta name=\"description\" content=\"Compute is 91% of USD 3.79 billion in signed AI investment in emerging markets across five regions, Aug to Sep 2026. Without one USD 3.1 billion loan, 51%.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/accendoassociates.com\/fr\/ai-investment-emerging-markets-aug-sep-2026\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Compute Is 91% of Signed AI Investment in Emerging Markets\" \/>\n<meta property=\"og:description\" content=\"Compute is 91% of USD 3.79 billion in signed AI investment in emerging markets across five regions, Aug to Sep 2026. Without one USD 3.1 billion loan, 51%.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/accendoassociates.com\/fr\/ai-investment-emerging-markets-aug-sep-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"accendo associates\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-28T18:45:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-09-30T10:28:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/accendoassociates.com\/wp-content\/uploads\/2026\/09\/social-card-ai-capital-flows-aug-sep-2026.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Prateek Shrivastava\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/accendoassociates.com\/wp-content\/uploads\/2026\/09\/social-card-ai-capital-flows-aug-sep-2026.png?fit=1200%2C630&ssl=1\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Prateek Shrivastava\" \/>\n\t<meta name=\"twitter:label2\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data2\" content=\"11 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/accendoassociates.com\\\/ai-investment-emerging-markets-aug-sep-2026\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/accendoassociates.com\\\/ai-investment-emerging-markets-aug-sep-2026\\\/\"},\"author\":{\"name\":\"Prateek Shrivastava\",\"@id\":\"https:\\\/\\\/accendoassociates.com\\\/#\\\/schema\\\/person\\\/767a165f88336e9a9b383d0cd30a69ba\"},\"headline\":\"Compute Accounts for 91 Percent of Disclosed AI Commitments Tracked in Emerging Markets\",\"datePublished\":\"2026-09-28T18:45:11+00:00\",\"dateModified\":\"2026-09-30T10:28:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/accendoassociates.com\\\/ai-investment-emerging-markets-aug-sep-2026\\\/\"},\"wordCount\":2115,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/accendoassociates.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/accendoassociates.com\\\/ai-investment-emerging-markets-aug-sep-2026\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/accendoassociates.com\\\/wp-content\\\/uploads\\\/2026\\\/09\\\/fA_concentration.png\",\"keywords\":[\"AI\",\"artificial intelligence\",\"capital flows\",\"emerging markets\",\"impact investing\"],\"articleSection\":[\"Insights\"],\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/accendoassociates.com\\\/ai-investment-emerging-markets-aug-sep-2026\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/accendoassociates.com\\\/ai-investment-emerging-markets-aug-sep-2026\\\/\",\"url\":\"https:\\\/\\\/accendoassociates.com\\\/ai-investment-emerging-markets-aug-sep-2026\\\/\",\"name\":\"Compute Is 91% of Signed AI Investment in Emerging Markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/accendoassociates.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/accendoassociates.com\\\/ai-investment-emerging-markets-aug-sep-2026\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/accendoassociates.com\\\/ai-investment-emerging-markets-aug-sep-2026\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/accendoassociates.com\\\/wp-content\\\/uploads\\\/2026\\\/09\\\/fA_concentration.png\",\"datePublished\":\"2026-09-28T18:45:11+00:00\",\"dateModified\":\"2026-09-30T10:28:35+00:00\",\"description\":\"Compute is 91% of USD 3.79 billion in signed AI investment in emerging markets across five regions, Aug to Sep 2026. Without one USD 3.1 billion loan, 51%.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/accendoassociates.com\\\/ai-investment-emerging-markets-aug-sep-2026\\\/#breadcrumb\"},\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/accendoassociates.com\\\/ai-investment-emerging-markets-aug-sep-2026\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/accendoassociates.com\\\/ai-investment-emerging-markets-aug-sep-2026\\\/#primaryimage\",\"url\":\"https:\\\/\\\/accendoassociates.com\\\/wp-content\\\/uploads\\\/2026\\\/09\\\/fA_concentration.png\",\"contentUrl\":\"https:\\\/\\\/accendoassociates.com\\\/wp-content\\\/uploads\\\/2026\\\/09\\\/fA_concentration.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/accendoassociates.com\\\/ai-investment-emerging-markets-aug-sep-2026\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/accendoassociates.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Compute Accounts for 91 Percent of Disclosed AI Commitments Tracked in Emerging Markets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/accendoassociates.com\\\/#website\",\"url\":\"https:\\\/\\\/accendoassociates.com\\\/\",\"name\":\"accendo associates\",\"description\":\"digital transformation and AI to accelerate impact globally\",\"publisher\":{\"@id\":\"https:\\\/\\\/accendoassociates.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/accendoassociates.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-FR\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/accendoassociates.com\\\/#organization\",\"name\":\"accendo associates\",\"url\":\"https:\\\/\\\/accendoassociates.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/accendoassociates.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/accendoassociates.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/cropped-aa-logo-black-small.png?fit=159%2C42&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/accendoassociates.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/cropped-aa-logo-black-small.png?fit=159%2C42&ssl=1\",\"width\":159,\"height\":42,\"caption\":\"accendo associates\"},\"image\":{\"@id\":\"https:\\\/\\\/accendoassociates.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/accendoassociates.com\\\/#\\\/schema\\\/person\\\/767a165f88336e9a9b383d0cd30a69ba\",\"name\":\"Prateek Shrivastava\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9b22c7a9765f2004a5534c4ead48c4ac2e7e77c4e18b4dd98c6fadb559a885a3?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9b22c7a9765f2004a5534c4ead48c4ac2e7e77c4e18b4dd98c6fadb559a885a3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9b22c7a9765f2004a5534c4ead48c4ac2e7e77c4e18b4dd98c6fadb559a885a3?s=96&d=mm&r=g\",\"caption\":\"Prateek Shrivastava\"},\"sameAs\":[\"https:\\\/\\\/linkedin.com\\\/in\\\/prateekshrivastava\"],\"url\":\"https:\\\/\\\/accendoassociates.com\\\/fr\\\/author\\\/shrivapr\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Le calcul repr\u00e9sente 91 % des investissements sign\u00e9s dans l\u2019IA dans les march\u00e9s \u00e9mergents","description":"Le calcul repr\u00e9sente 91 % des 3,79 milliards USD d\u2019investissements sign\u00e9s dans l\u2019IA dans les march\u00e9s \u00e9mergents de cinq r\u00e9gions, d\u2019ao\u00fbt \u00e0 septembre 2026. Hors un pr\u00eat de 3,1 milliards USD, 51 %.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/accendoassociates.com\/fr\/ai-investment-emerging-markets-aug-sep-2026\/","og_locale":"fr_FR","og_type":"article","og_title":"Compute Is 91% of Signed AI Investment in Emerging Markets","og_description":"Compute is 91% of USD 3.79 billion in signed AI investment in emerging markets across five regions, Aug to Sep 2026. Without one USD 3.1 billion loan, 51%.","og_url":"https:\/\/accendoassociates.com\/fr\/ai-investment-emerging-markets-aug-sep-2026\/","og_site_name":"accendo associates","article_published_time":"2026-09-28T18:45:11+00:00","article_modified_time":"2026-09-30T10:28:35+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/accendoassociates.com\/wp-content\/uploads\/2026\/09\/social-card-ai-capital-flows-aug-sep-2026.png","type":"image\/png"}],"author":"Prateek Shrivastava","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/accendoassociates.com\/wp-content\/uploads\/2026\/09\/social-card-ai-capital-flows-aug-sep-2026.png?fit=1200%2C630&ssl=1","twitter_misc":{"\u00c9crit par":"Prateek Shrivastava","Dur\u00e9e de lecture estim\u00e9e":"11 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/accendoassociates.com\/ai-investment-emerging-markets-aug-sep-2026\/#article","isPartOf":{"@id":"https:\/\/accendoassociates.com\/ai-investment-emerging-markets-aug-sep-2026\/"},"author":{"name":"Prateek Shrivastava","@id":"https:\/\/accendoassociates.com\/#\/schema\/person\/767a165f88336e9a9b383d0cd30a69ba"},"headline":"Compute Accounts for 91 Percent of Disclosed AI Commitments Tracked in Emerging Markets","datePublished":"2026-09-28T18:45:11+00:00","dateModified":"2026-09-30T10:28:35+00:00","mainEntityOfPage":{"@id":"https:\/\/accendoassociates.com\/ai-investment-emerging-markets-aug-sep-2026\/"},"wordCount":2115,"commentCount":0,"publisher":{"@id":"https:\/\/accendoassociates.com\/#organization"},"image":{"@id":"https:\/\/accendoassociates.com\/ai-investment-emerging-markets-aug-sep-2026\/#primaryimage"},"thumbnailUrl":"https:\/\/accendoassociates.com\/wp-content\/uploads\/2026\/09\/fA_concentration.png","keywords":["AI","artificial intelligence","capital flows","emerging markets","impact investing"],"articleSection":["Insights"],"inLanguage":"fr-FR","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/accendoassociates.com\/ai-investment-emerging-markets-aug-sep-2026\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/accendoassociates.com\/ai-investment-emerging-markets-aug-sep-2026\/","url":"https:\/\/accendoassociates.com\/ai-investment-emerging-markets-aug-sep-2026\/","name":"Le calcul repr\u00e9sente 91 % des investissements sign\u00e9s dans l\u2019IA dans les march\u00e9s \u00e9mergents","isPartOf":{"@id":"https:\/\/accendoassociates.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/accendoassociates.com\/ai-investment-emerging-markets-aug-sep-2026\/#primaryimage"},"image":{"@id":"https:\/\/accendoassociates.com\/ai-investment-emerging-markets-aug-sep-2026\/#primaryimage"},"thumbnailUrl":"https:\/\/accendoassociates.com\/wp-content\/uploads\/2026\/09\/fA_concentration.png","datePublished":"2026-09-28T18:45:11+00:00","dateModified":"2026-09-30T10:28:35+00:00","description":"Le calcul repr\u00e9sente 91 % des 3,79 milliards USD d\u2019investissements sign\u00e9s dans l\u2019IA dans les march\u00e9s \u00e9mergents de cinq r\u00e9gions, d\u2019ao\u00fbt \u00e0 septembre 2026. Hors un pr\u00eat de 3,1 milliards USD, 51 %.","breadcrumb":{"@id":"https:\/\/accendoassociates.com\/ai-investment-emerging-markets-aug-sep-2026\/#breadcrumb"},"inLanguage":"fr-FR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/accendoassociates.com\/ai-investment-emerging-markets-aug-sep-2026\/"]}]},{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/accendoassociates.com\/ai-investment-emerging-markets-aug-sep-2026\/#primaryimage","url":"https:\/\/accendoassociates.com\/wp-content\/uploads\/2026\/09\/fA_concentration.png","contentUrl":"https:\/\/accendoassociates.com\/wp-content\/uploads\/2026\/09\/fA_concentration.png"},{"@type":"BreadcrumbList","@id":"https:\/\/accendoassociates.com\/ai-investment-emerging-markets-aug-sep-2026\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/accendoassociates.com\/"},{"@type":"ListItem","position":2,"name":"Compute Accounts for 91 Percent of Disclosed AI Commitments Tracked in Emerging Markets"}]},{"@type":"WebSite","@id":"https:\/\/accendoassociates.com\/#website","url":"https:\/\/accendoassociates.com\/","name":"Accendo Associates","description":"la transformation num\u00e9rique et l\u2019IA pour acc\u00e9l\u00e9rer l\u2019impact dans le monde","publisher":{"@id":"https:\/\/accendoassociates.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/accendoassociates.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-FR"},{"@type":"Organization","@id":"https:\/\/accendoassociates.com\/#organization","name":"Accendo Associates","url":"https:\/\/accendoassociates.com\/","logo":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/accendoassociates.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/accendoassociates.com\/wp-content\/uploads\/2026\/06\/cropped-aa-logo-black-small.png?fit=159%2C42&ssl=1","contentUrl":"https:\/\/i0.wp.com\/accendoassociates.com\/wp-content\/uploads\/2026\/06\/cropped-aa-logo-black-small.png?fit=159%2C42&ssl=1","width":159,"height":42,"caption":"accendo associates"},"image":{"@id":"https:\/\/accendoassociates.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/accendoassociates.com\/#\/schema\/person\/767a165f88336e9a9b383d0cd30a69ba","name":"Prateek Shrivastava","image":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/secure.gravatar.com\/avatar\/9b22c7a9765f2004a5534c4ead48c4ac2e7e77c4e18b4dd98c6fadb559a885a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9b22c7a9765f2004a5534c4ead48c4ac2e7e77c4e18b4dd98c6fadb559a885a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9b22c7a9765f2004a5534c4ead48c4ac2e7e77c4e18b4dd98c6fadb559a885a3?s=96&d=mm&r=g","caption":"Prateek Shrivastava"},"sameAs":["https:\/\/linkedin.com\/in\/prateekshrivastava"],"url":"https:\/\/accendoassociates.com\/fr\/author\/shrivapr\/"}]}},"taxonomy_info":{"category":[{"value":36,"label":"Insights"}],"post_tag":[{"value":58,"label":"AI"},{"value":59,"label":"artificial intelligence"},{"value":60,"label":"capital flows"},{"value":61,"label":"emerging markets"},{"value":57,"label":"impact investing"}]},"featured_image_src_large":false,"author_info":{"display_name":"Prateek Shrivastava","author_link":"https:\/\/accendoassociates.com\/fr\/author\/shrivapr\/"},"comment_info":0,"category_info":[{"term_id":36,"name":"Insights","slug":"insights","term_group":0,"term_taxonomy_id":36,"taxonomy":"category","description":"","parent":0,"count":3,"filter":"raw","cat_ID":36,"category_count":3,"category_description":"","cat_name":"Insights","category_nicename":"insights","category_parent":0}],"tag_info":[{"term_id":58,"name":"AI","slug":"ai","term_group":0,"term_taxonomy_id":58,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":59,"name":"artificial intelligence","slug":"artificial-intelligence","term_group":0,"term_taxonomy_id":59,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":60,"name":"capital flows","slug":"capital-flows","term_group":0,"term_taxonomy_id":60,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":61,"name":"emerging markets","slug":"emerging-markets","term_group":0,"term_taxonomy_id":61,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":57,"name":"impact investing","slug":"impact-investing","term_group":0,"term_taxonomy_id":57,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/accendoassociates.com\/fr\/wp-json\/wp\/v2\/posts\/3065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/accendoassociates.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/accendoassociates.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/accendoassociates.com\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/accendoassociates.com\/fr\/wp-json\/wp\/v2\/comments?post=3065"}],"version-history":[{"count":10,"href":"https:\/\/accendoassociates.com\/fr\/wp-json\/wp\/v2\/posts\/3065\/revisions"}],"predecessor-version":[{"id":3118,"href":"https:\/\/accendoassociates.com\/fr\/wp-json\/wp\/v2\/posts\/3065\/revisions\/3118"}],"wp:attachment":[{"href":"https:\/\/accendoassociates.com\/fr\/wp-json\/wp\/v2\/media?parent=3065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/accendoassociates.com\/fr\/wp-json\/wp\/v2\/categories?post=3065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/accendoassociates.com\/fr\/wp-json\/wp\/v2\/tags?post=3065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}