Spain to grant $155 million in subsidies to help companies develop AI

FILE PHOTO: Spain's Prime Minister Pedro Sanchez speaks during a press conference on the day of the Euro-Mediterranean Summit (EU-MED9) in a resort near Paphos, Cyprus, October 11, 2024. REUTERS/Yiannis Kourtoglou/File Photo

MADRID (Reuters) - Spain's government will grant additional subsidies totalling 150 million euros ($155 million) for companies to boost the use and integration of artificial intelligence (AI), Prime Minister Pedro Sanchez said on Monday.

($1 = 0.9689 euros)

(Reporting by David Latona; Editing by Inti Landauro)