Express

European Union Creates Blockchain And AI Fund To Avoid Lagging Behind U.S. And China

Ramsey Baker

Summary: The European Union has set up a fund to avoid lagging behind the United States and China on blockchain and artificial intelligence (AI) innovation, according to a blog post from the European Investment Fund (EIF). The EIF and the European Commission have offered over $110 million for a dedicated investment plan which will make money ...

The European Union has set up a fund to avoid lagging behind the United States and China on blockchain and artificial intelligence (AI) innovation, according to a blog post from the European Investment Fund (EIF).

The EIF and the European Commission have offered over $110 million for a dedicated investment plan which will make money available for AI and blockchain projects via VC funds or other investors. The EIF believes that private investors will giver an additional $331 million to the fund.

By Ramsey Baker

Last Update:

Tags: ,,,,,
Link: European Union Creates Blockchain And AI Fund To Avoid Lagging Behind U.S. And China   [Copy]
Next:

Related Articles

  • Why a "One-Size-Fits-All" Approach to Stablecoin Issuance Fails Given Diverse Fiat Curr... 12 hours ago
  • BitFuFu’s VP on Mining Leadership, Corporate Crypto Treasuries, the Stablecoin Act, and... 5 days ago
  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 7 days ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 17 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 19 days ago

    • You need to login to comment.