The EU wants its member countries to invest US$24B in AI
by The Associated Press
EU Digital Market Commissioner Andrus Ansip said the Commission itself will increase its AI investment to $1.8 billion and hopes it will trigger $3 billion more in public and private funding
PHOTO: Getty Images
EU Digital Market Commissioner Andrus Ansip said Wednesday the Commission itself will increase its investment in research and development to $1.8 billion and hopes it will trigger $3 billion more in public and private funding.
Ansip said the EU needed to catch up, citing a study which said corporate investment in AI stood at up to $4 billion in the EU in 2016, compared to $12 billion in Asia and $23 billion in the US.
AI is already finding its footing in applications such as robotics, health care and manufacturing.
