EU Unveils $1.1 Billion AI Initiative to Boost Key Industries

Reported about 18 hours ago

The European Commission has launched a €1 billion ($1.1 billion) initiative to enhance the adoption of artificial intelligence across crucial industries as part of its strategy to reduce dependence on U.S. and Chinese technologies. Announced by Commission President Ursula von der Leyen, the 'Apply AI' strategy aims to promote AI use in areas like healthcare, energy, and manufacturing, amidst ongoing trade tensions and competition with big tech. The funding will come from existing EU research programs, encouraging additional investments from member states and the private sector.

Source: YAHOO

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