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European start-ups confident AI race not lost to the US and China
EU Commission President Ursula Von Der Leyen announced a €200bn package to push the nascent AI industry in the EU.
European Commission President Ursula von der Leyen arrives at the Grand Palais during the Artificial Intelligence Action Summit in Paris, Tuesday, Feb. 11, 2025. The European Union will channel €200 billion into AI investments in a bid to catch up with the thriving tech ecosystems in the US and China. But according to US Vice President JD Vance, this strict regulatory environment will simply slow down any form of cooperation with the EU.
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