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Europe, fighting for third place in the global AI race, got some good news in the form of several new public and private investments announced this week.
The European Commission on Sunday launched an institute for advancing AI in science — including in improving cancer treatments, environmental issues, and disaster forecasting — as part of its mission to become a global AI leader. Fueled by €107 million ($123 million) from research program Horizon Europe, the Resource for Artificial Intelligence Science in Europe (RAISE) will act as a digital hub for companies and countries to access compute, talent, funding, and data.
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Europe’s government-funded programs act as a substitute for what the private sectors in the US and China are investing in with friendlier AI governance. But tech giants are also investing in what is among the world’s biggest markets: Nvidia and Deutsche Telekom signed a €1 billion partnership this week to renovate and expand a German data center into one of the largest in Europe, aiming to boost the country’s AI compute power by 50%, the companies said.