EU to invest 1.3 billion euros in developing key technologies such as AI and cloud computing

European Commission announced on the 28th that it will invest 1.3 billion euros between 2025 and 2027 to deploy key technologies of strategic importance to Europe, including artificial intelligence and cloud computing. The European Commission said in a press release that the funds will be allocated through the "Digital Europe" project to support the deployment of artificial intelligence and its applications in business and public management, as well as investments in cloud computing and data, network resilience, and the training of digital technology talent.