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Investing.com -- The Dutch government committed €70 million ($82 million) on Friday for a new artificial intelligence plant to be built in Groningen, a city in northern Netherlands.
In addition to this funding, the government has submitted an application for European Union co-financing of another €70 million for the project, according to a government statement.
The Groningen regional administration also plans to contribute €60 million to the initiative.
"Those who do not develop the technology themselves are dependent on others. That is why we are fully committed to a strong, Dutch AI infrastructure," said Minister of Economic Affairs Vincent Karremans on the government’s website.
The funding represents a major step in the Netherlands’ efforts to establish domestic artificial intelligence capabilities.
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