European Commission launched AI innovation package to support Artificial Intelligence startups and SMEs

On 24 January, the Commission has launched a package of measures to support European startups and SMEs in the development of trustworthy Artificial Intelligence (AI) that respects EU values and rules. This follows the political agreement reached in December 2023 on the EU AI Act – the world’s first comprehensive law on Artificial Intelligence – which will support the development, deployment and take-up of trustworthy AI in the EU.
In her 2023 State of the Union address, President von der Leyen announced a new initiative to make Europe’s supercomputers available to innovative European AI startups to train their trustworthy AI models. Today’s package puts this commitment into practice through a broad range of measures to support AI startups and innovation, including a proposal to provide privileged access to supercomputers to AI startups and the broader innovation community.
Executive Vice-President for a Europe Fit for the Digital Age, Margrethe Vestager, said: “You need computing power to develop AI. A lot of it. So we want to give SMEs and start-ups privileged access to the network of European supercomputers. We are committed to innovation of AI and innovation with AI. And we will do our best to build a thriving AI ecosystem in Europe.”
Commissioner for Internal Market, Thierry Breton, said: “Today, we announce the launch of AI Factories, bringing together the ‘raw materials’ for AI: computing power, data, algorithms and talent. They will serve as a one-stop shop for Europe’s AI start-ups, enabling them to develop the most advanced AI models and industrial applications. We are making Europe the best place in the world for trustworthy AI.”

For more info: https://ec.europa.eu/commission/presscorner/detail/en/mex_24_406

photo: AI-generated image from the web