EU says AI race 'far from over' as bloc pledges 50-billion-euro investment boost

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EU abandons ePrivacy reform, as bloc shifts focus to competitiveness and fostering data access for AI

A long stalled bid to beef up European Union rules around online tracking technologies -- and put penalties on a similar footing to the bloc's data

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EU says AI race 'far from over' as bloc pledges 50-billion-euro investment boost

European Commission President Ursula von der Leyen said Tuesday that the race for AI leadership had not yet been won by China or the U.S.

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AI race ‘is far from over’ – #CryptoUpdatesGNIT

Europe has no intention of playing catch-up in the global AI race, European Commission President Ursula von der Leyen declared at the AI Action Summit in Paris. While the US and China are often seen as frontrunners, von der Leyen emphasised that the AI race “is far from over” and that Europe has distinct strengths to carve a leading role for itself. “This is the third summit on AI safety in just over one year,” von der Leyen remarked. “In the sa…

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EU Commission President Ursula von der Leyen has pledged an additional 20 billion euros from the EU budget for the development of artificial intelligence (AI) in Europe. According to the EU Commission on Tuesday, the money will go to four so-called giga factories in which developers can train AI models with large amounts of data. European start-ups in particular will be given access to expensive AI chips and powerful computers.

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In her speech at the AI Summit in Paris, the President of the European Commission, Ursula von der Leyen, announced the InvestAI initiative. This €50 billion plan is expected to provide AI plants with an additional €8 billion.

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ESG News Recap: EU Boosts AI Push With €50 Billion Investment

Impakter EU Invests €50 Billion in Big AI Push Today’s ESG Updates EU Invests €50B in AI: The EU commits an additional €50 billion in AI with a focus on industrial and technology industries.  Drax Subsidies Cut: The UK reduces Drax subsidies by 50% to promote 100% renewable biomass usage and save costs. GCC Commits $100B to Renewables: Gulf nations have pledged $100 billion […] The post EU Invests €50 Billion in Big AI Push appeared first on Imp…