EU rolls out $1.1 billion plan to ramp up AI in key industries amid sovereignty drive
Yahoo Finance·2025-10-08 08:44

Core Viewpoint - The European Commission has announced a 1-billion-euro ($1.1 billion) initiative to enhance the use of artificial intelligence (AI) in key industries, aiming to reduce the EU's dependence on U.S. and Chinese technologies [1][2]. Group 1: Strategic Goals - The "Apply AI" strategy is part of a broader action plan aimed at easing regulatory burdens for startups and fostering AI adoption across various sectors [2][3]. - The initiative reflects Europe's ambition to achieve strategic autonomy in critical sectors amid ongoing trade tensions with the U.S. and China, as well as the dominance of U.S. technology companies [2]. Group 2: Key Sectors and Applications - The Commission has identified healthcare, pharmaceuticals, energy, mobility, manufacturing, construction, agri-food, defense, communications, and culture as essential sectors for increased AI utilization [4]. - Specific measures under the "Apply AI" strategy include establishing AI-powered advanced screening centers in healthcare and developing agentic AI applications in manufacturing, climate, and pharmaceutical industries [4]. Group 3: Funding and Support - The 1 billion euros will be sourced from EU research initiatives such as Horizon Europe and the Digital Europe programme, which may incentivize EU member states and the private sector to contribute matching funds [5].