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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

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