EU 200 billion to new AI Gigate Factories

On Tuesday, the EU’s response to the global artificial intelligence race was heard in Paris.

President of the EU Commission Ursula von der Leyen He stated at the Paris Artificial Intelligence Summit that the Union plans to set up EUR 200 billion investments in four new artificial intelligence gigate factory.

The project is to be implemented with public and private money.

The Union’s investment in the Investoi initiative is EUR 20 billion EU fund.

These 20 billion will be taken from current EU financial programs, such as Digital Europe and Horizon programs.

According to the Commission, EU Member States will participate in the work by funding the project for their own cohesion or regional development funding.

The project is intended to start funding of EUR 200 billion in the newest artificial intelligence gigate mills.

Also included is the European Investment Bank, the CEO of which Nadia Calviño Describe the gigate factory project as a historic.

“Together with the EU Commission, EIP supports the development of artificial intelligence, which is the most important driver to grow innovation and productivity in Europe,” Calviño said.

The new artificial intelligence gigate factories specialize in training the most demanding and largest artificial intelligence models needed to develop science and medicine.

“We do this in European, based on openness, collaboration and excellent talent,” von der Leyen said.

According to the Commission, the Gigetehta has about 100,000 the latest generations of AI chips, which are about four times higher than in the 12 European artificial intelligence factory already decided.

In December, the EU decided to build seven new artificial intelligence mills. One of them comes to Kajaani. In addition, five other artificial intelligence mills are coming.

According to the Commission, the establishment of four new artificial intelligence gigate mills will take the use of artificial intelligence to a new level. It will be the largest public and private funding project in the world.