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Published on | 8 months ago
Programmes Digital, Industry & Space AI ContinentCommission 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 Stargate project obtained funding under the special Green Deal call of Horizon 2020, more in particular under the topic of “green ports and airports”. It received the maximum score of the evaluators and was selected out of more than 40 projects. Stargate’s purpose is to prove that sustainable aviation is possible and happening. It focuses on the further decarbonization of the aviation industry, the improvement of local environmental quality and the stimulation of the modal split. Together with a consortium of 21 European partners with a diverse and rich expertise (airports, community partners, knowledge institutions, consultants, local governments, …), Brussels Airports takes the lead as lighthouse airport to develop and implement innovative solutions. Results that prove successful can be deployed at the fellow airports (Toulouse, Budapest, Athens). Over the course of the coming five years, the consortium will exchange knowledge to investigate and realize more than 30 concrete projects.
