We need to invest in defense not in AI.
Yes, that's what the arms manufacturers want. Let's not do (much of) that.
This does not seem like a very good basis for rational policy.
EU to mobilize 200B Euros to invest in AI
31–40 of 150 posts
Re: EU to mobilize 200B Euros to invest in AI
#32Wow, I just read all the comments which are currently here (at my time of reading), and the level is worse than on Reddit. Not the HN I remember...
Talking about the actual news, as usual with this kinds of programs, a lot of the money won't bring results, but that's also true for most investments from VCs. If just a few good ventures come out of it, that's already a great result. Trump is showing that the EU simply can't outsource most of its IT to the US, it's just too risky.
Re: EU to mobilize 200B Euros to invest in AI
#33I 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.
Nuclear fusion definitely needs more than a trillion
Re: EU to mobilize 200B Euros to invest in AI
#34I 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.
I was with you until your last two words.
Re: EU to mobilize 200B Euros to invest in AI
#35I 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.
Nuclear fusion has no clear path to reach viability with just a fraction of that amount, not even close.
Re: EU to mobilize 200B Euros to invest in AI
#36We 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…
Didn't Cambridge-alumni and London based researcher Sir Demis Hassabis - who co-founded Google DeepMind btw - just win the Nobel Prize in Chemistry?
Comparing the enterprise value of the top 10 companies in Europe versus the U.S provides a poor insight into the actual health of AI research as opposed to capital generation. Both DeepMind and Featurespace are European startups for example.
Re: EU to mobilize 200B Euros to invest in AI
#37Of this, €20bn will be earmarked for AI gigafactories.
This reminds me of Northvolts. https://www.bruegel.org/analysis/northvolts-struggles-cautio...
Re: EU to mobilize 200B Euros to invest in AI
#38Earlier quoted context omitted.
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 the…
I have seen (and worked in) a number of startups that did receive research grants including AI research in Germany. This notion of terrible European bureaucracy is exaggerated. It’s not worse than anywhere else in the world.
I work with EU grants and it’s really not. The amount of wasted work that goes into them is insane. Admin overhead is massive and it’s spent not just from the grants but also from all the companies that apply and don’t get them.
Re: EU to mobilize 200B Euros to invest in AI
#39Sadly, that money will be wasted:
* that money will go to "big corp" who know and have to time to build application forms... even if they don't have the knowledge ("take the money and run")
* that money wont to the "real disruptors" that are small corps because they don't have time or knowledge to build application forms to get the money
Re: EU to mobilize 200B Euros to invest in AI
#40Sadly, that money will be wasted: * that money will go to "big corp" who know and have to time to build application forms... even if they don't have the knowledge ("take the money and run") * that money wont to the "real disruptors" that are small corps because they don't have time or knowledge to build application forms to get the money
Only big corp have the capacity to comply with EU regulation in the first place.