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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...
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 announcement underscores efforts from the EU to position itself as a key player in the AI race. [...] The EU is aiming to establish gigafactories to train the most complex and large AI models.
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