The European Commission has launched InvestAI, an initiative to mobilize €200 billion for investment in artificial intelligence (AI).
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InvestAI includes a €20 billion European fund for AI gigafactories, financing four future AI gigafactories across the EU. It will be the world's largest public-private partnership for the development of trusted artificial intelligence. The project will be funded with a combination of grants and equity, serving as one of the pilot cases for strategic technologies announced in the Competitiveness Compass.
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