Connect with us

Hi, what are you looking for?

News

EU Strives to Eliminate Obstacles for Advancing AI Innovation

The European Commission (EU) said it had launched a strategy on Wednesday to remove barriers to the use of Artificial Intelligence (AI) and better equip Europe’s companies for global competition.

At the presentation of its new AI strategy, the Brussels authority announced that it would simplify rules, promote investment and massively expand the establishment of its own data centres.

The aim of the AI Continent Action Plan was to “transform Europe’s strong traditional industries and its exceptional talent pool into powerful engines of AI innovation and acceleration,’’ according to a statement released.

There has been criticism from the tech industry that European regulations such as the AI Act were too bureaucratic and hostile to innovation.

One focus of the new strategy is on infrastructure and data centres.

The commission called on member states to apply for the construction of so-called AI gigafactories to train particularly powerful AI models.

A total investment of 20 billion euros (22 billion dollars) is to be earmarked for this purpose.

According to the Brussels authority, only 13.5 per cent of companies in Europe currently use AI technologies, a figure the commission wants to increase significantly.

So far, the EU has lagged behind China and the U.S. in AI technologies, for example. Germany’s outgoing digital minister, Volker Wissing, welcomed the plan and called for less bureaucracy and better investment conditions.

The German AI Association on the other hand said the strategy had little new substance.

“The European AI sector does not need any more announcements regarding previously known measures and small-scale individual strategies.

“But it’s functional funding and award procedures that can keep pace with the speed of technological development,’’ said association head Jörg Bienert.

 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

ad

You May Also Like

News

Securities and Exchange Commission (SEC) has revealed that Crypto Bridge Exchange (CBEX) engaged in deceptive promotional activities to lure unsuspecting Nigerians into investing in...

News

In celebration of the Easter season, MultiChoice has announced the launch of a dedicated Easter Pop-Up Channel, offering DStv and GOtv subscribers across Nigeria...

News

Chinese-founded e-commerce platforms Temu and Shein have announced upcoming price increases for U.S. customers, citing higher operating expenses due to tariffs imposed during former...

Tech

Tableau Next leverages agentic analytics to allow users to collaborate with AI agents to speed up the entire data-to-action workflow Organisations today face a...