"...an international group of researchers has secured $1.6 billion..." An international group of researchers has scammed $1.6 billion away. And that's with EU taxpayers money. Do you really think that anyone involved in deciding to allow that kind of spending has any idea as to where we're at nowadays regarding AI? Did any of them read "On Intelligence" (its author knowing more than a thing or two about AI)? I'm sure…
On another positive sidenote, the $140B the EU is spending is peanuts compared to the ~$3-4T the US Govt. is spending.