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At the AI Action Summit in Paris, the European Union unveiled a €200 billion (approximately $206 billion) investment in artificial intelligence technology development. This initiative includes a €20 billion (approximately $20.6 billion) allocation for constructing an AI super-factory dedicated to processing and computing large natural language models.
Announced by European Commission President Ursula von der Leyen, the “InvestAI” program underscores the EU’s commitment to remaining competitive with China and the United States in cutting-edge technology. President von der Leyen emphasized that AI underpins many frontier technologies, and it remains unclear who holds a definitive lead in this evolving landscape.
With this €200 billion investment, the EU aims to bolster AI applications across industries, enhance overall productivity, benefit citizens, and establish the European market as a leader in various sectors.
Recognizing the dominance of American technology companies in AI innovation and standard-setting, as well as the accessibility of AI technology offered by Chinese companies, the EU seeks to strengthen its own position and influence in the future of AI development.
