Yesterday, April 25th 2018, the European Commission presented a series of measures to enhance the use of Artificial Intelligence in the European Union with the aim of improving European competitiveness in this field.
The plan aims at increasing public and private investment in Artificial Intelligence (AI), preparing for the socioeconomic changes that this technology will cause and providing an adequate ethical and legal framework.
Promoting financial support and encouraging the adoption of AI by the public and private sectors
The EU should increase investment in research and innovation in Artificial Intelligence by at least 20 billion euros by the end of 2020.
In order to achieve this, the European Commission plans to increase the budget destined to AI by 15,000 million euros during the period 2018-2020 under the Horizon 2020 program.
These funds will be destined to the development of key sectors such as transportation or health and will serve to promote Artificial Intelligence research centers in Europe.
In addition, extra funding will be provided for Artificial Intelligence through the European Fund for Strategic Investments, which plans to invest more than 500 million euros by 2020.
European Plan on Artificial Intelligence
On April 10th 2018, 24 Member States and the European Union signed a Declaration of Cooperation for the implementation of a Strategic Plan in the field of Artificial Intelligence. This plan should be ready by the end of 2018.
Its objective is to maximize the impact of investment at national and EU level, to foster cooperation in the EU, to exchange best practices and to define the way forward together, in order to ensure the EU’s global competitiveness in this sector.
What is Artificial Intelligence?
Artificial intelligence is a branch of computing that aims to create intelligent machines that work and react like humans.The research associated with artificial intelligence is highly technical and specialized. The core problems of artificial intelligence include computer programming for certain features such as:
– Problem resolution
– Ability to manipulate and move objects
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