We need to invest in defense not in AI.
both
Roger roger
EU to mobilize 200B Euros to invest in AI
11–20 of 150 posts
Re: EU to mobilize 200B Euros to invest in AI
#12Re: EU to mobilize 200B Euros to invest in AI
#13Yeah, I don't see it happening. This other tidbit from the article was funny as well: €109 billion investment plan for AI projects in France in the coming years. How can a journalist write this verbatim when the likelihood of this happening is next to nil. France had a massive budget deficit last year, it had to pass a law to increases taxes (yet again) and is basically broke. So where is this magic money going to co…
If the SEC is a portal between private Finance and government, then AI is a portal between tech and government. It’s a way for money people of a certain tribe to legally funnel money between the government and private sector in full duplex (bi-directional. Government gives you money, you take money and make more money, use it to buy more politicians, who then “invest” more money into … you).
These governments are basically being co-opted.
Re: EU to mobilize 200B Euros to invest in AI
#14socialism's new excuse to grab other people's money
Re: EU to mobilize 200B Euros to invest in AI
#15Yeah, I don't see it happening. This other tidbit from the article was funny as well: €109 billion investment plan for AI projects in France in the coming years. How can a journalist write this verbatim when the likelihood of this happening is next to nil. France had a massive budget deficit last year, it had to pass a law to increases taxes (yet again) and is basically broke. So where is this magic money going to co…
It will come from others. 50 Billion is a deal made with the Saudis. Another 20 from a Canadian fund.
Re: EU to mobilize 200B Euros to invest in AI
#16EU can always get a discount on that once they ratchet up regulations. I don’t understand Europe, why don’t they just focus on hyper growth with limited oversight like America?
I believe it's because they have this massive monster in Brussels that needs something to do (chiringuitos) to extract the maximum amount of money—corruption.
Re: EU to mobilize 200B Euros to invest in AI
#17It's wasted money if they don't change their level of bureaucracy
Indeed.
The EU grants are ridiculously red tapey. Companies have entire departments dedicated to the red tape that European grants require, from the initial participation / auction with hundreds or thousands of pages of documentation, through various stages of thorough checkbox ticking, to the final reception of the project.
Only the usual players with well established "EU Funds" departments can realistically get them, such as Accenture, IBM, Cognizant, Microsoft etc.
Re: EU to mobilize 200B Euros to invest in AI
#18I am urprised how much money suddenly is available where other future-critical projects are starved of funding while needing just a fraction of that amount, specifically nuclear fusion.
Re: EU to mobilize 200B Euros to invest in AI
#19We need to invest in defense not in AI.
I agree, I think they are trying to cargo-cult Silicon Valley ecosystem without realizing that it will never have a chance in European's clueless bureaucracy, massive social safety nets etc. It doesn't mean nothing can be built, but it won't ever be as effective and bleeding edge for various good and bad reasons and mere fraction of whatever goals aimed for. And defense spending is a must, how in 2025 they could NOT…
They can't invest 5% of GDP in defense because they don't have the money. Germany does not want to raise it's debt ceiling and France is basically broke and hasn't had a functioning government for the last 7 months.
NATO has been treated as a free ride by Europe.
They were supposed to invest a certain % of their GDP each year in their defense spending but because the US was always there as backstop, they basically never did.
Now a lot of countries in the EU have to play catch up and make up the under investment of the last 20 years which will take many years and even possibly decades before it is reversed.
Also Macron is on his way out and the most likely politician to come after him is from the far right. His voice and power is waning and since he has lost the majority in the assembly, he is a lame duck with very little power to change things.
Re: EU to mobilize 200B Euros to invest in AI
#20Tax it, regulate it, and when it stops moving, subsidise it!