EU launches InvestAI, a €200bn initiative, including a €20bn fund for AI gigafactories, to drive AI innovation and establish Europe as a leading AI hub

The EU is providing financial support through Horizon Europe and the Digital Europe programme to advance generative AI. Additional initiatives focus on strengthening the EU’s AI talent pool through education, training, and reskilling. The EU is also encouraging more public and private investments in AI start-ups and scale-ups via venture capital and equity support. Efforts are being made to accelerate the creation and deployment of Common European…