The European Commission announced on Wednesday (25 April) that it will invest €1.5 billion into artificial intelligence research over the next three years, and was promptly hit with criticism for drafting its strategy years after the United States and China started their own massive funding plans. The new commitment marks a drastic increase of EU funding into AI, an emerging technology that is used for robotics and other digital services like climate prediction tools or health applications that analyse large amounts of data. On top of the €1.5 billion pledge by 2020, the Commission plans to leverage funding from EU member states and private companies worth a total of €20 billion during the same time. After 2020, Brussels wants EU-wide funding levels to rise to €20 billion per year. The funding plan is a significant change and would mean a 70% increase compared to current EU investments in AI. But for some tech policy observers, the Commission’s plan came too late. The US and Chinese governments started pumping public money into AI research two years ago, and private investments in both countries are much higher than in Europe. “I hope the Commission will speed up, but it’s late. They could… Read full this story
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