EU establishes AI factory, provides supercomputers to startups to drive AI development
Posted: January 24, 2024 11:16 AM Updated: January 24, 2024 11:17 AM
Correction and fact check date: January 24, 2024, 11:16 AM
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The European Commission plans to establish an AI factory so that local startups can access and utilize AI-dedicated supercomputers.
The European Commission has introduced a set of measures to support European AI startups and small and medium-sized enterprises to create trustworthy AI that complies with EU values and regulations. As part of these measures, the company will establish an AI factory, or one-stop shop, to enable startups in the European Union to access and leverage AI-specific supercomputers.
The move aims to foster the development of general-purpose AI models and contribute to widespread adoption of the technology.
According to the committee, the AI Factory is designed to help AI startups and researchers develop algorithms, test and validate large-scale AI models, and facilitate access to dedicated AI supercomputers.
“Today we announce the launch of the AI Factory, which brings together the ‘raw materials’ for AI: computing power, data, algorithms and talent,” European Internal Market Commissioner Thierry Breton said in a written statement.
The new initiative is a component of the “AI Innovation Package”, a bundle of policies adopted by the Commission today. The package aims to provide comprehensive support for the growth of Europe’s AI ecosystem by covering various areas such as high-performance computing infrastructure for model training and ensuring access to the skills and talent needed to enable generative AI advancement. Let’s do it.
The support package will complement the European Union AI Act, an emerging AI regulatory framework within the European Union that lawmakers are also targeting as a support measure. However, while the AI Act focuses on strengthening the adoption of AI applications by building user trust, the “AI Innovation Package” package is specifically geared at providing a more direct form of support to AI application developers.
The EU’s AI law sets global standards for AI governance.
Last year, EU countries and lawmakers reached a political agreement on EU AI law, enacting the world’s first comprehensive law on artificial intelligence. The bill outlines regulations for large, powerful AI models, including OpenAI’s ChatGPT and Google’s Bard, and specifies acceptable applications.
AI law addresses a variety of unacceptable risks associated with AI systems, including manipulative techniques, systems that exploit vulnerabilities, and social scores.
Lawmakers have explicitly banned the use of emotion recognition and banned predictive policing software in workplaces and educational institutions. There is also a movement to prevent the deployment of AI systems that classify individuals based on sensitive characteristics such as race, political views and religious beliefs.
However, the law is currently in draft form awaiting a vote in the Council to confirm the compromise agreed by EU countries.
From establishing AI factories to enacting groundbreaking AI laws, the EU’s joint efforts highlight the EU’s commitment to setting global standards for responsible AI governance.
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Alisa is a reporter for Metaverse Post. She focuses on everything related to investing, AI, metaverse, and Web3. Alisa holds a degree in Art Business and her expertise lies in the fields of art and technology. She developed a passion for journalism through her work with VCs, notable cryptocurrency projects, and science writing. You can contact us at (email protected).
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alice davidson
Alisa is a reporter for Metaverse Post. She focuses on everything related to investing, AI, metaverse, and Web3. Alisa holds a degree in Art Business and her expertise lies in the fields of art and technology. She developed a passion for journalism through her work with VCs, notable cryptocurrency projects, and science writing. You can contact us at (email protected).
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