The European Union is increasing its investment in artificial intelligence (AI) research and development to counter the growing competition from the US and China. The EU's goal is to become a global leader in AI and to ensure that European companies and researchers remain competitive in the field.
To achieve this goal, the EU has launched several initiatives, including the European AI Strategy, which aims to invest €1.75 billion in AI research and innovation by 2027. Additionally, the EU has established the European Laboratory for Learning and Intelligent Systems (ELLIS), a network of research institutions that aims to promote excellence in AI research.
The EU's efforts to boost AI investment come as the US and China are also investing heavily in the field. The US has launched several AI-focused initiatives, including the American AI Initiative, while China has made AI a key part of its national development strategy.
European officials believe that the EU's unique approach to AI, which emphasizes human-centered and trustworthy AI, can help the region to stand out in the global AI landscape. However, the EU still faces significant challenges in terms of attracting and retaining top AI talent, as well as ensuring that its AI regulations are effective and proportionate.
