The European Union invests another 50 billion euros in artificial intelligence

The European Union is trying to increase its computational capacity to train large models of artificial intelligence and intends to build “artificial intelligence gigafooters” with the help of the private sector. The head of the European Commission announced at the union’s artificial intelligence summit of the € 200 billion investment in the area.

Ursula von, head of the European Commission, recently announced at the Paris Artificial Intelligence Action Summit that the potential of European startups is high but they need more powerful infrastructure to develop their innovations; Therefore, the European Union will invest more at € 50 billion in the area. This figure is added to the € 150 billion investment, which has previously allocated investors and industry activists to develop the market.

The EU is reportedly reviewing its support model for the development of computational infrastructure and competition in the field of artificial intelligence.

Importance of Gigaphiles of Artificial Intelligence in World Competition

According to Fon in Line, the current EU computational centers, known as “artificial intelligence factories”, are no longer sufficient, and need to create “artificial intelligence gigafooters” to teach very large models. These new centers are going to provide enormous computing capacity to developers and accelerate technology growth. Launching these centers requires extensive investment and the private sector must play a significant role in this area.

Von in Line also stated that European startups need more resources to grow and the widespread acceptance of artificial intelligence in the economy and society is still limited; For this reason, the European Union intends to expand its open cooperation model to support advanced innovations of artificial intelligence. He emphasized that leading companies are carrying out similar projects in the United States, but in Europe, the goal is to not monopolize a few specific companies, but to make it public as a public service.

Some companies had announced a while ago that it would invest $ 500 billion in the development of data centers in the US through the Stargit project over the next four years. This has led the European Union to feel more pressure to compete in this area.

Von also emphasized the importance of private sector participation in the launch of artificial intelligence gigafooters, saying that the issue would be discussed at the inaugural meeting. He also noted that Europe could attract investors with its cooperative approach; An approach that focuses on sharing knowledge and public use among member states.

He added that these infrastructure allows researchers and startups to access the most advanced computing technologies and help industries share and collaborate their data; For example, these centers can help hospitals develop artificial intelligence models using their medical and genomic imaging data. The project can also make great progress in basic science and climate change modeling.

Finally, the von in the line emphasized that European artificial intelligence gigafooters are designed to attract the best talents worldwide and will support advanced innovations in the field.