200 billion euros of investments will be allocated by the EU for the development of artificial intelligence
13 February 09:42
At the Artificial Intelligence Action Summit in Paris, European Commission President Ursula von der Leyen announced the launch of an initiative to accumulate 200 billion euros of investment in the development of artificial intelligence. This was reported by the European Commission, Komersant ukrainskyi informs.
This initiative should help in the joint development of the most complex models of artificial intelligence and the transformation of Europe into a continent of artificial intelligence.
“Artificial intelligence will improve our healthcare, stimulate our research and innovation, and increase our competitiveness. We want artificial intelligence to be a force for good and growth. We do this through our own European approach, based on openness, cooperation, and great talent. And a unique public-private partnership for artificial intelligence will allow all our scientists and companies – not just the biggest ones – to develop the most advanced models needed to turn Europe into an artificial intelligence continent,” said Ursula von der Leyen, President of the European Commission.
What else is known about the announced initiative
The EU’s InvestAI fund will finance four future AI gigafactories across the EU. These new gigafactories will specialize in training the most complex, very large artificial intelligence models. Such next-generation models require extensive computing infrastructure to make breakthroughs in specific areas such as medicine or science. The gigafactories will have about 100,000 latest-generation AI chips, about four times the number of AI factories being built now.
The gigafactories, which will be funded through InvestAI, will be the largest public-private partnership in the world to develop robust artificial intelligence. They will serve the European model of cooperative, open innovation, focusing on complex industrial and mission-critical applications. The goal is to ensure that every company, not just the biggest players, has access to large-scale computing power to build the future.
InvestAI will include a tiered fund with shares with different risk and return profiles. The European Commission’s initial funding for InvestAI will come from existing EU funding programs that have a digital component, such as the Digital Europe Program and Horizon Europe, as well as InvestEU. Member States can also contribute by planning appropriate funds.
The European Commission will also establish a European Research Council on Artificial Intelligence to help find out how Europe can use the existing data potential to support artificial intelligence and other technologies. The European Commission is also planning to launch an initiative that will stimulate the industrial adoption of artificial intelligence in key sectors.
What was agreed and disagreed upon at the summit in Paris
More than 70 governments, international organizations, and research institutes signed the final statement of the forum, which promises an “open,” “inclusive,” and “ethical” approach to the development of technology. Representatives of the European Union, China, and India signed the statement.
Only the United Kingdom and the United States did not sign the summit’s final document.
According to the BBC, in a brief statement, the British government explained that the UK was unable to support the document due to concerns about national security and “global governance.”
Earlier, U.S. Vice President J.D. Vance told delegates in Paris that overregulation of artificial intelligence could “kill a transformative industry as it begins to grow.”
J.D. Vance told world leaders that artificial intelligence is “an opportunity that the Trump administration will not waste,” and emphasized that “policies to promote the development of artificial intelligence” should be prioritized over security.
And his comments seem to contradict the position of French President Emmanuel Macron, who has defended the need for further regulation.
“We need these rules for AI to move forward,” Macron said at the summit.
One way or another, this summit, organized jointly with India, has become an investment showcase for France. The next such meeting will take place in India.
