I attended the summit for action on artificial intelligence #AI in Paris at the Grand Palais co-chaired by the French President Emmanuel Macron and the Indian Prime Minister Narendra Modi, with a delegation from the European Investment Bank (EIB) Group. Europe said it again in Paris: it is defending a model of AI that is “open, inclusive and ethical”. It is also open for business and intends to play its card to the full to seize the tremendous opportunities offered by the coming revolution.
This event has been a great opportunity for #Europe, as it has demonstrated all its strengths in this field, and there are many of them, from the excellence of its research to its largely carbon-free energy and its ability to agree on a regulated framework that safeguards our rights without curbing innovation.
Europe has responded strongly to all these issues with the announcement by European Commission President Ursula von der Leyen of the #EU AI Champions Initiative. This is the largest public-private partnership in the world and aim at mobilising €200 billion to replicate CERN’s cooperative model in particle physics in AI.
At the European Investment Bank (EIB), we are ready to strengthen our cooperation with the European Commission and invest more in these technologies that will shape the future of Europe and the world.
Over the past five years, the EIB Group has financed projects making extensive use of artificial intelligence. Here are just a few examples: the Wandercraft exoskeleton in France, mentioned by President Macron; Barcelona-based start-up INBRAIN Neuroelectronics which is developing graphene technology to decode neural signals and turn them into medical solutions; Munich-based start-up Smart Reporting GmbH which has developed a technology based on artificial intelligence to process clinical data efficiently or the French AI large language model Mistral AI supported by EIF-backed funds.
The EIB group is part of the solution for growing AI made in Europe, with its wide range of tailor-made financial products to support technological innovation.
