Ursula von der Leyen recently unveiled a hefty €50 billion investment in artificial intelligence during her speech at the AI Action Summit in Paris. She also announced an extra €8 billion for AI Factories.
The EU and France are fully engaged in the AI race, prioritizing growth and funding. Von der Leyen emphasized that this race is still ongoing, with more investments in the pipeline.
The new public-private partnership includes a €150 billion initiative called EU AI Champions. The €50 billion investment aims to enhance these efforts, making it the largest of its kind in the world.
In addition, the EU plans to invest €10 billion in AI factories and supercomputers. This could mean a boost of around €8 billion for the previous €1.96 billion initiative, marking this as the biggest public investment in AI. Von der Leyen believes this will lead to even more private investments.
She described AI Gigafactories as essential for advancing public computing infrastructure, similar to how CERN attracted brilliant minds to collaborate on cutting-edge projects.
It’s still uncertain whether the €8 billion will specifically target the AI Gigafactories or be part of another major investment announcement.
Von der Leyen reiterated that global leadership in AI is still up for grabs, highlighting the competitive nature of this emerging field.
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