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The European Commission has announced a massive 200 billion Euros funding push for artificial intelligence development across Europe. Commission President Ursula von der Leyen revealed that 50 billion Euros will come from the EU’s budget, while the rest will be sourced from private investors and industry stakeholders. The initiative aims to boost AI innovation, ensure ethical standards, and strengthen Europe’s position in the global AI race.
This comes as world leaders debate AI regulation, with the U.S. and U.K. refusing to sign a global AI governance agreement.
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