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Europe to pump additional 50 billion euros into artificial intelligence

Published 11/02/2025, 11:38
Europe to pump additional 50 billion euros into artificial intelligence
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Investing.com -- The European Commission plans to invest another 50 billion euros ($51.6 billion) to boost the region’s artificial intelligence (AI) capabilities, according to its President, Ursula von der Leyen. The announcement was made on Tuesday, during the Paris AI Summit.

This additional funding is set to supplement the European AI Champions Initiative, a program that has already secured commitments of 150 billion euros from various providers, investors, and industry stakeholders.

With this extra funding, the total mobilized investment for AI in Europe is projected to reach 200 billion euros.

Von der Leyen indicated that these investments will primarily target industrial and mission-critical technologies.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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