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TEHRAN, April 25 - The European Union's executive branch wants the bloc's public and private sectors to invest at least $24 billion in artificial intelligence through 2020 in an attempt to remain globally competitive.
TEHRAN, Young Journalists Club (YJC) – EU Digital Market Commissioner Andrus Ansip said Wednesday the Commission itself will increase its investment in research and development to $1.8 billion and hopes it will trigger $3 billion more in public and private funding.
Ansip said the EU needed to catch up, citing a study which said corporate investment in AI stood at up to $4 billion in the EU in 2016, compared to $12 billion in Asia and $23 billion in the US.
AI is already finding its application in robotics, health care and manufacturing.
Source: AP
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