The European Union plans to invest €50 billion to support the development and application of artificial intelligence, Commission President Ursula von der Leyen announced on Tuesday, saying European AI innovation needs to be “supercharged”.
This InvestAI initiative will supplement a €150 billion investment pledge from the private sector as part of the EU AI Champions Initiative launched on Monday at the AI Action Summit in Paris. This means Europe hopes to mobilise a total of €200…
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https://sciencebusiness.net/news/eu-budget/eu-invest-eu50b-supercharge-innovation-artificial-intelligence
