EUR 150bn for AI development in Europe

By: Trademagazin editor Date: 2025. 03. 28. 15:15

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At the AI Action Summit in Paris this February the “EU AI Champions Initiative” was unveiled: this is a strategy to invest EUR 150bn in European AI start-ups over the next five years.

This article is available for reading in Trade magazin 2025/4.

The initiative is led by General Catalyst and it aims to simplify regulation, improve infrastructure and educate the public about the technology, thereby increasing confidence in AI. Thousands of tech leaders, researchers and policymakers attended the event. //