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Published on | 1 month ago
Programmes Digital, Industry & Space AI, data & cloudCommission President Ursula von der Leyen has launched InvestAI, an initiative to mobilise €200 billion for investment in AI, including a new European fund of €20 billion for AI gigafactories. This large AI infrastructure is needed to allow open, collaborative development of the most complex AI models and to make Europe an AI continent.
The EU's InvestAI fund will finance four future AI gigafactories across the EU. They will be specialised in training the most complex, very large, AI models. Such next-generation models require extensive computing infrastructure for breakthroughs in specific domains such as medicine or science. The gigafactories will have around 100 000 last-generation AI chips, around four times more than the AI factories being set up right now.
The gigafactories funded through InvestAI will be the largest public-private partnership in the world for the development of trustworthy AI. The goal is that every company, not only the biggest players, can access large-scale computing power to build the future.
InvestAI will include a layered fund, with shares of different risk and return profiles. The EU budget would derisk the investment of other partners. The Commission's initial funding for InvestAI will come from existing EU funding programmes which have a digital component, such as Digital Europe Programme and Horizon Europe, and InvestEU. Member States can also contribute by programming funds from their Cohesion envelopes.
More information on the context and other AI-related initiatives by the EU can be found in the Commission press release.
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The MareGraph project, ‘Towards an Interoperable Marine Knowledge Graph’, obtained funding under the Digital Europe topic ‘OPEN-AI – Public Sector Open Data for AI and Open Data Platform’. The project will increase the semantic, technical, and legal interoperability of three selected high-valued datasets (HVDs) all maintained by the Flanders Marine Institute (VLIZ), which is one of the four partners of the project. This will allow the onboarding of essential marine datasets in the Common European Data Spaces. As such MareGraph will provide a structural component in the digital transition of the marine landscape. The numerous impacts of the project will benefit our seas globally in old and new ways to come.
