EU to double investments into AI

The EU aims to double Horizon’s Europe’s annual investments into AI to more than €3bn.

Europe is launching two new strategies to accelerate AI adoption in the region, setting aside billions of euros for its initiatives.

The strategies are part of the EU’s AI Continent Action Plan – first introduced this April – which aims to place Europe as a global leader in the tech.

The new Apply AI Strategy is mobilising around €1bn to drive AI adoption across sectors, including in healthcare, pharmaceuticals, energy, manufacturing, agriculture, defence, communications and culture. The measures will also help support SMEs with their specific AI adoption needs.

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