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]
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 19 hours ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 2 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 5 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 6 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 8 days ago
  • You need to login to comment.