EU launches InvestAI initiative to mobilise €200 billion of investment in artificial intelligence
Today, at the Artificial Intelligence (AI) Action Summit in Paris, Commission President Ursula von der Leyen has launched InvestAI, an initiative to mobilise €200 billion for investment in AI, including a new European fund of €20 billion for AI gigafactories.
This large AI infrastructure is needed to allow open, collaborative development of the most complex AI models and to make Europe an AI continent.
Commission President Ursula von der Leyen said:
AI will improve our healthcare, spur our research and innovation and boost our competitiveness. We want AI to be a force for good and for growth.
“We are doing this through our own European approach – based on openness, cooperation and excellent talent. But our approach still needs to be supercharged. This is why, together with our Member States and with our partners, we will mobilise unprecedented capital through InvestAI for European AI gigafactories. This unique public-private partnership, akin to a CERN for AI, will enable all our scientists and companies – not just the biggest – to develop the most advanced very large models needed to make Europe an AI continent.”
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EU launches InvestAI initiative to mobilise €200 billion of investment in artificial intelligence, source
