During the AI Action Summit in Paris, European governments and private entities announced a joint commitment of approximately €200bn toward artificial intelligence investments. The summit also saw the launch of the EU AI Champions Initiative, which aims to invest €150bn into AI over the next five years, emphasizing simplified regulation and better public understanding of AI technologies. European Commissioner Ursula von der Leyen added a €50bn initiative, stressing the urgency for Europe to lead in this sector and calling for significant investments in AI infrastructure.
"By seizing the moment, working with greater intention and embracing deep collaboration, Europe can seize a generational opportunity by leading in applied AI, integrating it into our industrial base to boost productivity, resilience and economic sovereignty."
"We aim to mobilise a total of €200bn for AI investments in Europe. This unique public-private partnership, akin to a Cern for AI, will enable all our scientists and companies - not just the biggest - to develop the most advanced, very large models needed to make Europe an AI continent."
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