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EU Invests €200 Billion in Artificial Intelligence Initiative
The European Commission has launched InvestAI, an initiative to mobilise €200 billion for investment in artificial intelligence (AI), including a new European fund of €20 billion for AI gigafactories. These AI gigafactories will specialise in training complex AI models, requiring extensive computing infrastructure and a large number of advanced AI chips. The goal is to create a public-private partnership enabling scientists and companies to develop advanced AI models, making Europe a leader in AI. InvestAI will utilise a layered fund structure, with the EU budget reducing investment risk for partners and include funding from programmes like Digital Europe and Horizon Europe. This initiative aims to support AI innovation through financial support, talent development, data spaces, and industrial adoption of AI across various sectors. Existing support for AI Factories of €10 billion is already the world's largest public investment in AI.
Published on 10 months, 2 weeks ago