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.
European Commission President Ursula von der Leyen on Tuesday said the EU would mobilize a total of 200 billion euros ($206.5 billion) for artificial intelligence investments in Europe, stressing that the race for AI leadership had not yet been won by China or the U.S.
The sum includes previously-announced 150-billion-euro funding from investors and industry, which Von der Leyen said the bloc will top up by another 50 billion euros.
Speaking at the AI Action Summit in Paris, Von der Leyen said it would be the "largest public-private partnership in the world for the development of trustworthy AI," focused on industrial and mission-critical applications and powering European "gigafactories" for processing large models.
"We want Europe to be one of the leading AI continents, and this means embracing a way of life where AI is everywhere," Von der Leyen told an audience of big-name tech figures and political leaders in the French capital.