EU chief Ursula von der Leyen unveils €200 bn boost for AI at Paris summit

AI Action Summit: Excessive investments in artificial intelligence »made in Europe«. USA calls for deregulation.

Green light for the EU plan to mobilize 200 billion for investments in AI

EU to mobilize 200 billion euros in AI investment

Von der Leyen claimed that the sum includes a previously-announced 150-billion-euro funding from investors and industry that the European Union (EU) will top up by another 50 billion euros, Le Soir newspaper noted. The EC president pointed out that it would be the world’s largest public-private partnership for the development of trustworthy artificial intelligence, focused on industrial and mission-critical applications and powering European gig…

European Commission President Ursula von der Leyen has announced a plan to invest €200 billion in this technology and fight in mourning with the US and China.

EU chief announces 200-billion-euro AI investment push

Paris, France — EU chief Ursula von der Leyen Tuesday announced a push to channel 200 billion euros in public and private investments into Europe’s nascent artificial intelligence industry. “We aim to mobilize a total of 200 billion euros for AI investments in Europe,” the European Commission president told a Paris AI summit, saying the

EU pledges 200b euros for new AI investment initiative

The European Union (EU) launched InvestAI, an initiative to mobilize 200 billion euros ($206.5 billion) to boost the bloc's artificial intelligence investment, European Commission President Ursula von der Leyen announced Tuesday at the AI Action Summit."We