On Tuesday, the European Union announced it to invest $1.5 billion in AI by the year 2025. Their aim is to compete with the world’s leading countries US and China in tech. 
EIC, the European Innovation Council will do the funding. This EU innovation and research programme also represents the surge of 200 million euros worth of investments in 2024. European politicians have been prioritizing the tech and AI sectors to boost the slow economy. 
EU Commissioner Illianca Ivanova said in a statement that “The European Innovation Council has emerged as a game-changer in EU support to breakthrough innovation. In 2025, it will boost EU deep tech with even more resources, amounting to 1.4 billion euros from Horizon Europe, our research and innovation programme.”

European Union will invest 1.4 billion euros in support of AI

Cryptopolitan_News

Other articles published on Oct 29, 2024

Elon Musk Pledges $2 Trillion Federal Cuts with New DOGE

Crypto scammers hijack Truth Terminal founder’s X account

Discovering the Future of Crypto, Exploring Qubetics, EOS, and WalletIQ

Meta is reportedly building its own AI-powered search engine

TRON’s Large Transaction Volume Hits 2-Month High: Is TRX on the Rise?

2,430% Surge Expected: CBDCs Are Set to Transform Global Finance

Join our free newsletter for daily crypto updates!