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616 EU Pledges $200 Billion in AI Spending in Bid To Catch Up With US, China

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msmash @ Slashdot · today 11:50 EDT

EU Pledges $200 Billion in AI Spending in Bid To Catch Up With US, China

The European Union pledged to mobilize 200 billion euros ($206.15 billion) to invest in AI as the bloc seeks to catch up with the U.S. and China in the race to train the most complex models. From a report: European Commission President Ursula von der Leyen said that the bloc wants to supercharge its ability to compete with the U.S. and China in AI. The plan -- dubbed InvestAI -- includes a new 20 billion-euro fund for so-called AI gigafactories, facilities that rely on powerful chips to train the most compl

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