The EU's InvestAI fund will finance four future “AI gigafactories” across the EU. The systems will be tailored to training ...

The European Union will provide 50 billion euros ($51.6 billion) of EU funds to bolster the bloc's artificial intelligence ...

The funds will be used for the development of four 'gigafactories' with 100,000 state-of-the-art chips, among other projects.

The European Commission also announced a fund specific to AI gigafactories to allow companies to train their AI models.

Private and public sector bodies have come together and pledged more than €300bn towards AI at the two-day summit in Paris.

The InvestAI initiative will provide €200 million for AI development in EU countries, but the regulatory environment is a ...

The Paris AI Summit reinforced Europe’s ambition to lead in trustworthy AI, balancing innovation and regulation. The €200B ...

The European Union is backing a major AI initiative, OpenEuroLLM, in a bid to counter the dominance of Silicon Valley and ...

The European Investment Bank will collaborate with the European Commission on financing the InvestAI initiative.

Explore the latest European AI initiatives highlighted during the AI Action Summit in Paris. View whether they will help ...

The European Commission launched an initiative called InvestAI to mobilize €200B for investment in AI, including a new EU ...