EU invests €500 million to boost generative AI

recent,European UnionThe committee announced that it would launch a number ofGenerative AIThe funding program, which will be carried out under the Horizon Europe work program next year with a total budget of up to €500 million, aims to help the EU catch up with the world in the field of artificial intelligence, especially using technologies like ChatGPT to solve real-world industrial problems.

EU invests €500 million to boost generative AI

Source Note: The image is generated by AI, and the image is authorized by Midjourney

The initiative, called "GenAI4EU", plans to fund multiple collaborative projects and encourage companies and research institutions to form teams to jointly develop generative artificial intelligence solutions that can play a role in practical applications. The Commission hopes to stimulate more innovation and promote the industrial application of artificial intelligence technology in this way.

In this program, companies will have the opportunity to work with research institutions to solve specific problems they encounter in production and operations. Through these collaborations, it is expected to help accelerate the practical application of new technologies and allow artificial intelligence to better serve all walks of life.

Generative AI has great potential, from text generation to image creation, and can even be used in many fields such as drug development and education. This move by the EU shows its emphasis on future technology and willingness to invest, hoping to promote social and economic development through innovative cooperation.

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