European Commission President Ursula von der Leyen announced a significant €200 billion funding initiative for AI development in Europe, primarily aimed at fostering a competitive edge against the US's $500 billion Stargate Project and China's DeepSeek. Backed by major private firms, this investment is designed to derisk private sector investments and establish four AI gigafactories. Von der Leyen's strategy focuses on cooperation and talent, aiming to cultivate a robust AI ecosystem, described as a 'CERN for AI,' while addressing the need for industry support.
The EU aims to create a substantial AI ecosystem, with €200 billion funding in response to US and Chinese efforts, emphasizing openness and cooperation.
Ursula von der Leyen emphasized that the EU wants AI to be a driving force for good and growth through public-private partnerships.
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