The EU is ramping up its support for AI projects with an investment of €67.5 million ($73.3 million) to bolster businesses in the AI sector. This funding initiative, part of the broader Digital Europe Programme, focuses on preparing companies following the passing of the EU AI Act.
Initiatives include an AI innovation accelerator, regulatory sandboxes, and testing facilities to ensure compliance with AI systems on the market. The funding aims to advance areas such as AI and data strategy, cloud and edge computing technologies, and develop cross-border digital public services, prioritizing digital transformation across sectors.
