EU to mobilize €200B for AI investments, Commission President von der Leyen announces

By Ilayda Cakirtekin

ISTANBUL (AA) — European Commission President Ursula von der Leyen on Tuesday announced €200 billion (over $206 billion) in investments, as she emphasized Europe's ambition to become a leading force in artificial intelligence (AI).

Speaking at the AI Action Summit in Paris, she highlighted the rapid advancements in AI, noting the release of three new powerful models within the past year.

“The AI race is far from being over," she said, adding that "we aim to mobilise €200 billion in AI investments in Europe."

The European Commission president also spoke on the importance of the AI Act, which is meant to provide a unified set of safety rules across the European Union, replacing 27 different national regulations. She acknowledged the need to simplify processes and reduce bureaucratic hurdles to facilitate AI development.