The French are second to everything + they strip naked the CEOs they hate (the Air France event and the series of CEOs taken hostage in the 1990ies) = They would never align themselves to build something that makes money. DailyMotion is 1/1000th what Youtube is; Mistral is 1/1000th what OpenAI is, nothing has changed in 20 years.
Sure France would spend the money. We’d see none of the results.
They did that already see https://en.wikipedia.org/wiki/Cloudwatt or Numergy.