The European Union is set to invest €200 billion into the AI sector as part of an effort to position itself competitively against established tech leaders like the US and China. During the Paris AI Summit, Ursula Von Der Leyen emphasized that Europe is not too late in the AI race, arguing that it is ongoing. The investment aims to support innovation within European companies while addressing concerns around stringent regulations, with some experts suggesting that EU entrepreneurs may need to collaborate more closely with American ventures for greater success.
"I hear that Europe is late to the race, by the United States or China, have already gotten ahead. I disagree because the AI race is far from being over."
"One of the things they've shown is that it's not all done to the largest companies. There's a lot that can be done."
"What we need is European entrepreneurs working with American technology, and then we at least share the power."
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