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EU rolls out $1.1 billion plan to ramp up AI in key industries amid sovereignty drive
The European Commission unveiled a 1-billion-euro ($1.1 billion) plan to enhance artificial intelligence in key industries, aiming to reduce the European Unions dependency on U.S. and Chinese technologies.
- On October 8, the European Commission introduced the Apply AI strategy, allocating 1 billion euros to bolster artificial intelligence across vital sectors including health care.
- This initiative is part of the European Unions broader effort to achieve technological sovereignty and diminish reliance on foreign technology, particularly from China and the United States.
- The funding aims to foster innovation in Europe, supporting research and development of AI applications to strengthen the regions competitive edge in key industries.
Why It Matters
This plan reflects the European Unions commitment to advancing its technological capabilities amid rising global competition, signaling a strategic shift towards self-sufficiency in critical technologies. The move could reshape the landscape of AI development and implementation within Europe.