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5 Billion AI Investment in Europe

Aurora Brief Reviews No. 01 January 8 2019

January 2019

Following its earlier report on Artificial Intelligence: A European Perspective, the European Commission has now published its plans to increase investments in Artificial Intelligence under the research and innovation framework programme Horizon 2020 to EUR 1.5 billion in the period 2018-2020, constituting a 70% increase compared to 2014-2017. Under the next multi-annual financial framework, the Commission has proposed to dedicate at least EUR 1 billion per year from Horizon Europe and the Digital Europe Programme to AI.

The European Commission notes that countries like France, Finland, Sweden, the UK and Germany have targeted AI strategies in place. Other countries like Denmark, Luxembourg, the Netherlands, Ireland and Norway include Artificial Intelligence related actions in a broader digitalization strategy.

Austria, Belgium, Czech Republic, Denmark, Estonia, Germany, Italy, Latvia, Poland, Portugal, Slovenia, Slovakia and Spain are in the process of developing strategies.

In 2019, the Commission will bring together the stakeholders initially including the robotics and big data PPPs but later expanding to other involved parties, in order to develop a common strategic research and innovation agenda for AI.

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