AI investment shortfall holding back the EU

AI investment shortfall holding back the EU

An investment gap of 10 billion euros in artificial intelligence and blockchain technologies is holding back the European Union, argued a European Investment Bank survey released on Tuesday.

It added that the bloc only accounts for 7% of annual equity investments in both technologies, while the US and China together account for 80%.

However, the EU excels in research related to both technologies and has a large pool of digital talent to build on, the survey pointed out.

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