The EU announces an investment of 200,000 million euros in artificial intelligence

The president of the European Commission, Ursula von der Leyen, announced on Tuesday that the EU is proposed, associated with the private sector, to invest about 200,000 million euros in artificial intelligence.

“Our goal is to mobilize a total of 200,000 million euros for investments in AI in Europe,” said von der Leyen during a summit in Paris.

The German high official has added that the European bloc would contribute 50,000 million euros and the rest would be contributed by “suppliers, investors, and the sector.”

«We will focus on industrial and critical mission applications. It will be the largest public-private association in the world for the development of a reliable AI, ”said von der Leyen in his speech.

For von der Leide artificial intelligence “it can be a gift for humanity, but we must ensure that the benefits are widespread and that its benefits are accessible to all.”

«We want AI to be a force for good. We want an AI where everyone collaborates and everyone benefits, ”he said.

“Excess regulation”

Shortly before Von der Leyen’s speech, the United States vice president, JD Vance, warned that “excess regulation” to artificial intelligence “could kill a booming industry.”

“We will do our best to foster policies that favor the growth of AI,” he added, although he warned about the risk of reaching agreements with “authoritarian regimes.”