The European Commission has launched InvestAI, an initiative designed to mobilise €200 billion in AI investments. This program was presented by the European Commission President, Ursula von der Leyen, at the Artificial Intelligence Action Summit in Paris. Among other initiatives, InvestAI will include €20 billion to develop AI gigafactories, strengthening Europe’s position as a global AI leader. 

IvestAI will be financed through a public-private partnership, drawing funds from EU programs, private sector investments and contributions from the Member States. 

In her press release, president von der Leyen emphasised the strategic importance of AI for Europe’s growth and future, 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''

For the full speech, click here. 

For more details, consult the press release, or learn more about AI factories, the AI Act and the European AI Office.