The head of the European Executive presented InvestAI and the fund for AI gigafactories during the AI Action Summit in Paris. On this occasion, she explained that "together with our Member States and partners, we will mobilize unprecedented capital through 'InvestAI for European AI gigafactories'. This unique public-private partnership, akin to a CERN for AI, will enable our scientists and businesses, not just the largest ones, to develop the most advanced large-scale models needed to make Europe an AI continent."
Looking ahead, it was announced that the Commission will establish a European AI Research Council where Europe can pool resources and explore how to leverage the untapped potential of data to support artificial intelligence and other technologies. Additionally, by the end of the year, Brussels will launch an initiative "Apply AI" to promote industrial adoption of AI in key sectors.
