[NEW:]The European Union has introduced the InvestAI initiative to enhance the development of artificial intelligence in Europe.

The InvestAI initiative includes a dedicated €20 billion European fund to develop AI gigafactories The European Commission has introduced InvestAI, an ambitious initiative aimed at mobilizing €200 billion ($207 billion) for AI investments across Europe. The announcement was made by European Commission President Ursula von der Leyen at the AI Action Summit in Paris this […]