EU launches InvestAI initiative to mobilise €200 billion of investment in artificial intelligence

Αt the Artificial Intelligence (AI) Action Summit in Paris, Commission President Ursula von der Leyen has launched InvestAI, an initiative to mobilise €200 billion for investment in AI, including a new European fund of €20 billion for AI gigafactories. This large AI infrastructure is needed to allow open, collaborative development of the most complex AI models and to make Europe an AI continent.  Commission President Ursula von der Leyen said: “AI will improve our healthcare, spur our research and innovation and boost our competitiveness. We want AI to be a force for good and for growth. (...) This is why, together with our Member States and with our partners, we will mobilise unprecedented capital through InvestAI for European AI gigafactories.’’ Learn more about the InvestAI initiative.