The European Commission has announced a comprehensive package of measures aimed at supporting start-ups and SMEs in Europe. These initiatives focus on the development of trustworthy artificial intelligence (AI) that aligns with the values and regulations of the European Union (EU).
A key proposal from the Commission includes the launch of an AI factory and an AI Office. The AI factory, or one-stop shops, will provide AI start-ups and researchers with resources to create algorithms, test, and validate large-scale AI models, and ensure access to dedicated AI supercomputers. The AI Office will be responsible for developing and coordinating AI policies at the European level and overseeing the implementation and enforcement of the upcoming AI Act.
European start-ups are set to benefit from simplified access to AI supercomputers. This initiative, part of the Commission’s strategy, aims to accelerate the adoption of general-purpose AI models and foster the development of trustworthy AI technology.
In December 2023, the EU agreed on the AI Act, the first global comprehensive law focused on powerful AI models such as Microsoft-backed ChatGPT and Google’s Bard. This act is designed to support the development, deployment, and adoption of reliable AI within the EU.
In her ‘State of the Union’ address in September 2023, Ursula von der Leyen, President of the European Commission, announced plans to make Europe’s supercomputers available to innovative European AI startups for training trustworthy AI models.
Launched in November 2023, the Large AI Grand Challenge offers AI startups financial support and access to supercomputing resources. This initiative is part of the Commission’s effort to bolster AI development in Europe.
The Commission aims to generate an additional total investment of approximately €4 billion until 2027, combining public and private funds. This is through its EU AI Start-Up and Innovation Communication initiative, designed to support the AI sector’s growth in Europe.
The Commission, in collaboration with member states, has established two EDICs: The Alliance for Language Technologies (ALT) and CitiVERSE. ALT addresses the shortage of European language data for AI training and supports the development of large language models, preserving linguistic diversity. CitiVERSE focuses on leveraging advanced AI tools to develop Local Digital Twins for Smart Communities, aiding in urban processes like traffic and waste management.
The European Commission’s comprehensive approach towards AI development marks a significant step in fostering innovation and ensuring trustworthy AI practices in the EU. By supporting startups and SMEs through various initiatives and resources, the Commission aims to position Europe as a leader in ethical and effective AI technology.
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