EU Commission proposes AI factories for startups and SMEs

Posted under: SMB
Date: 2024-01-29
EU Commission proposes AI factories for startups and SMEs

The European Commission has proposed a package of measures to support European startups and SMEs in developing trustworthy artificial intelligence (AI). Initiatives include the launch of an AI factory, AI Office, and simplified access to dedicated AI supercomputers for startups. The measures aim to accelerate the adoption of AI technology and align with the EU AI Act agreed upon in December 2023, the first comprehensive law on powerful AI models. The EU AI Start-Up and Innovation Communication initiative seeks €4 billion in additional total investment until 2027. An AI Office will coordinate AI policy at the European level and supervise the implementation of the AI Act. Two European Digital Infrastructure Consortiums were established to address language data shortages and develop Local Digital Twins for Smart Communities using advanced AI tools.

Read more at: cointelegraph.com