European governments and private companies have committed around €200bn to artificial intelligence (AI)-related investments, including datacentres and gigafactories, over the course of the AI Action Summit in Paris.
It follows the inaugural AI Safety Summit Hosted by the UK Government at Bletchley Park in November 2023, and the Ai Seoul Summit in South Korea in May 2024.
During the first day of the paris summit, dozens of major corporations and Startups – LED by Venture Capital Firm General Catalyst – Launched the eu AI AI Champions Initiative, to Invest € 150Bn in European Ai Over the NEXTE
It has already called for simplified AI Regulation in Europe, Greater Investment in Infrastructure, and a Public Campaign to Improve People's Understanding and Trust of the technology“By Seizing The Moment, Working With Greater Internation and Embracing Deep Collection, Europe Can Seize A Generational Opportunity by Leading in Applied Ai, Integrating ITO OR INDOTRI BASES ILIENCE and Economic Sovereignty, “said jeannette zu fürstenburg, managing director And head of europe at general catalyst.
Backers of the Initiative Include Deutsche Bank, German Defense Startup Helsing, French Ai Developer Mistral, and Swedish Music-Straming Giant Spotify.
Speaking on the first day of the summit, european commissioner ursula von der leyen Announced a € 50BN Initiative Called Investai to “Top Up” The Investments Coming Through the Ai Champions Program, Proclaiming that “Global Leaders is Still up for Grabs”. She Further Outlined that an additional € 20bn will be specifically invested in ai gigafactories.
“We aim to mobilise a total of € 200bn for ai investments in europe,” She said. “This Unique Public-Private Partnership, Akin to a Cern for Ai, will enable all our scientists and companes-not just the biggest-to develop the Most Advance Inn. “
In Total, The Combined Investment from Private Companies and the Eu Makes It The Larget Public-Private Investment in the World.
In the run-up to the summit, French President Emmanuel Macron Announced The Country Who Attract € 109bn Worth of Private Investment in Datantre and AI Projects “In the Coming Years” Ited Arab Emirates for a DataCentre, And a further € 20bn investment in ai infrastructure from Canada's Brookfield Corporation. Further Investments are expected from French Companies Iliad Sa, Orange SA and Thales Sa.
On the second day of the summit, the UK Government Announced Its OWN Investment INTO AI Research for Cancer and Drug DiscoveryWhoch will be worth £ 82.6m.
The UK Government also Announted Its Wold Expand Its Involvement in the European High-Performance Computing (Eurohpc) Joint forwarding, by committing a fURTEREMITEREME Articipation. It claimed the investment would enabled british ai and computing researchrs to work unobstructed with their european peers.
“The focus of this summit has been on how we can put ai to work in the public interest, and today's announs are living proof of how the uk is leading that charge our plan for change,” Said Digital Secretary Peter. “We've already set out a bold new blueprint for Orward their game-chunging innovations.
“Today, We Open New Avenues for them to do exactly that-Building Bridges with our International Partners So The Entre Global Community Can Share in the Boundless Oportunities Opporties Ative companies applying ai to tackle real-world challenges. “
As part of its AI Opportunities Action PlanThe UK Government is also encouraging local authorities to put in bids for ai growth zoneswhich it has claimed will boost local and regional economic growth options, particularly in dendustrialized areas of the countery, through the Construction of Datacentres And other key infrastructure.