EU’s New Financing Instrument Grants Up to EURO 150 Million to Support AI Companies
To support AI companies across Europe, the European Investment Bank and the European Investment Fund have co-investment of up to EURO 150 million.
Tag: Investment
Saudi Arabia to Invest USD 20 Billion in AI and Data by 2030 to Diversify Economy
Saudi Arabia announced a multibillion-dollar investment strategy in artificial intelligence (AI) and data by 2030 to diversify its oil-based economy.
UK Government Seeks to Restrict Overseas Capital from Acquiring British AI Companies
the UK government proposed a new bill that seeks to restrict overseas “malicious investment” from acquiring British companies with strategic importance
Singapore Tops in AI Investment as Input Gaps Between ASEAN Countries Widen
Singapore is the number one among ASEAN countries to invest in AI, with $68 worth of AI investment per capita last year.
Trump Slashes Research Funding but Raises the US Federal AI Budget by 34 Percent
Trump announced the 2021 fiscal year budget proposal on Monday, further flashing the budget for federally funded research projects, whereas research budgets of major scientific institutions have experienced double-digit cuts.
Germany Sets Up €350m Euro Cybersecurity Agency to Strengthen “Digital Sovereignty”
Germany announced that it has setup a federal agency to combat cyber threats and safeguard the country’s digital sovereignty.
UK Invests £200m in Public Sector AI Procurement Over the Next Four Years
The UK government is investing approximately £200m over the next four years in public sector AI procurement, which facilitates the purchase of a wide range of AI services from various suppliers.
$4 Billion of Google’s New India Tech Fund Goes to Telecom Company Jio
Google is investing USD 4 billion in India’s Jio platforms, a subsidiary of conglomerate Reliance Group, to create affordable smartphones for the Indian market.
2019 in Review: 10 AI Failures
Synced 10 AI Failures of 2019
Microsoft Pumps $100M into African AI Centres
Under CEO Satya Nadella, Microsoft has made it a priority to develop international partnerships, and the world’s largest software company is now expanding its presence across the great continent of Africa.
AI Biweekly: Canada Pumps Money into AI; Siemens Steps Up Digital Innovation
10 AI News You Must Know From February W3 – W4
Huge Investment In Self-Driving Companies: These Startups Are Noteworthy
Synced Global AI Weekly February 17th
AI Biweekly: AI Healthcare Investments & Going Global
10 AI News You Need To Know From January W 2 – W 3