EU chief, Ursula von der Leyen today,announced a push to channel 200 billion euros in public and private investments into Europe’s nascent artificial intelligence industry.
“We aim to mobilise a total of 200 billion euros for AI investments in Europe,” the European Commission president told a Paris AI summit, saying the EU would contribute 50 billion euros with the rest pledged by “providers, investors and industry.”
Europe faces an uphill challenge as the United States and China charge ahead in the AI field, but von der Leyen insisted “the AI race is far from over”.
EU Chief Announces €200 Billion AI Investment Push
