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Dubai News Club > Tech > EU mobilizes $200 billion in AI race against US and China
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EU mobilizes $200 billion in AI race against US and China

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Last updated: 2025/02/11
Press Room
Published: February 11, 2025
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The European Union says it will channel €200 billion (about $206 billion) into artificial intelligence investments in a bid to compete with the US and China. At the AI Action Summit in Paris on Tuesday, EU Commission President Ursula von der Leyen announced the bloc would spend €50 billion (about $51 billion) to top up €150 billion (about $154 billion) in funding already pledged by a collective of private investors called the European AI Champions Initiative.

“We want Europe to be one…

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