At the Artificial Intelligence Action Summit in Paris, Commission President Ursula von der Leyen announced the launch of InvestAI, a groundbreaking initiative designed to mobilise €200 billion in investment for artificial intelligence across Europe. This ambitious plan includes the creation of a dedicated European fund of €20 billion to establish AI gigafactories, large-scale infrastructures intended to support the open, collaborative development of advanced AI models.
During her speech, President von der Leyen emphasized the transformative potential of AI. “AI will improve our healthcare, spur our research and innovation, and boost our competitiveness. We want AI to be a force for good and for growth,” she stated. She further explained that the European approach—grounded in openness, cooperation, and harnessing excellent talent—must be “supercharged” to meet future challenges.
The initiative, characterized as a public-private partnership akin to a CERN for AI, aims to level the playing field by enabling not only the largest corporations but also smaller companies and scientists to develop cutting-edge AI technologies. This strategic move is part of the EU’s broader ambition to position Europe as a leading AI continent.
