The European Union takes a significant stride in the realm of artificial intelligence by launching InvestAI, an ambitious initiative backed by 200 billion euros ($206.5 billion), aimed at propelling the bloc's AI investment forward. Announced by European Commission President Ursula von der Leyen at the AI Action Summit on Tuesday, InvestAI underscores the EU's commitment to harnessing AI as a catalyst for positive growth and innovation.
\"We want AI to be a force for good and for growth,\" von der Leyen stated. \"We are doing this through our own European approach — based on openness, cooperation, and excellent talent. But our approach still needs to be supercharged.\"
A key component of InvestAI is a 20-billion-euro fund dedicated to establishing European AI gigafactories. These facilities are designed to train large-scale, complex AI models and will be equipped with approximately 100,000 next-generation AI chips, quadrupling the current capacity. The European Commission revealed the first seven AI factories in December and plans to unveil five additional ones shortly.
Beyond infrastructure, the initiative includes the formation of a European AI Research Council, aimed at pooling resources to support AI development and other emerging technologies. Additionally, the Commission is set to launch the \"Apply AI\" initiative later this year, which seeks to accelerate the integration of artificial intelligence across key sectors.
Through InvestAI, the European Union aims to position itself at the forefront of AI innovation, fostering an environment where technology serves societal needs while driving economic growth.
Reference(s):
cgtn.com
