At the recent AI Action Summit in Paris, European Commission President Ursula von der Leyen unveiled the InvestAI initiative, aiming to mobilize €200 billion for artificial intelligence (AI) investments. This initiative includes a new European fund of €20 billion dedicated to establishing AI gigafactories, essential for the collaborative development of advanced AI models within Europe.
President von der Leyen emphasized the transformative potential of AI, stating, “AI will improve our healthcare, spur our research and innovation, and boost our competitiveness. We want AI to be a force for good and for growth.” She highlighted Europe’s commitment to an approach based on openness, cooperation, and excellence in talent.
The InvestAI initiative reflects Europe’s ambition to become a leading continent in AI development, focusing on building the necessary infrastructure to support innovation and ensure that advancements align with European values and standards.