EU's AI push to get 50 billion euro boost, EU's von der Leyen says

European Commission President Ursula von der Leyen delivers a speech during the plenary session of the Artificial Intelligence (AI) Action Summit at the Grand Palais in Paris, France, February 11, 2025. REUTERS/Benoit Tessier

PARIS (Reuters) - Europe will invest an additional 50 billion euros ($51.6 billion) to bolster the bloc's artificial intelligence ambition, European Commission Ursula von der Leyen said on Tuesday.

It will come on top of the European AI Champions Initiative, that has already pledged 150 billion euros from providers, investors and industry, von der Leyen told the Paris AI Summit.