EIB at work on AI, semiconductor investment plan to boost EU competitiveness

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The European Investment Bank is working on a new project to enhance European capabilities on artificial intelligence and semiconductors, with the aim of raising 70 billion euros ($78 billion) by 2027, its head said on Saturday.

The blueprint is part of the European Union’s efforts to increase its competitiveness against China, the United States and other major economies.

The new blueprint, named ‘Tech EU’ aims to attract a total of 250 billion euros in investments over the long term, EIB president Nadia Calvino told Italian daily Corriere della Sera,…



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EIB at work on AI, semiconductor investment plan to boost EU competitiveness


The European Investment Bank is working on a new project to enhance European capabilities on artificial intelligence and semiconductors, with the aim of raising 70 billion euros ($78 billion) by 2027, its head said on Saturday.

The blueprint is part of the European Union’s efforts to increase its competitiveness against China, the United States and other major economies.

The new blueprint, named ‘Tech EU’ aims to attract a total of 250 billion euros in investments over the long term, EIB president Nadia Calvino told Italian daily Corriere della Sera,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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