EU says AI race ‘far from over’ as bloc pledges 50-billion-euro investment boost

CNBC February 11, 2025
Jenni Reid

Key Points

– European Commission President Ursula von der Leyen on Tuesday said the EU would mobilize a total of 200 billion euros ($206.5 billion) for artificial intelligence investments in Europe, stressing that the race for AI leadership had not yet been won by China or the U.S.

– The sum includes previously-announced 150-billion-euro funding from investors and industry, which Von der Leyen announced the bloc will top up by another 50 billion euros.

European Commission President Ursula von der Leyen on Tuesday said the EU would mobilize a total of 200 billion euros ($206.5 billion) for artificial intelligence investments in Europe, stressing that the race for AI leadership had not yet been won by China or the U.S.

The...

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