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EU to mobilize 200B Euros to invest in AI

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41–50 of 150 posts

Re: EU to mobilize 200B Euros to invest in AI

#41

I 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.

It's the same in the UK. Pensioners had their heating allowance removed to plug a £22 bn 'black hole', whilst tonnes of money is pledged to AI. I can imagine the EU is in a similar state.

Re: EU to mobilize 200B Euros to invest in AI

#42

Earlier quoted context omitted.

Yes, that's what the arms manufacturers want. Let's not do (much of) that.

why not? we’ll be throwing rainbow flags at Russians when they decide to invade?

More likely "reparations" - €500bn a year or we're coming to Berlin !

Genuinely - this is a one way bet for the Russians, smash up Estonia and extort the Germans, spend the money on more guns and then kill all the Poles.

Coming to a continent near you soon!

Re: EU to mobilize 200B Euros to invest in AI

#43
post #30
post #4

It's wasted money if they don't change their level of bureaucracy

That's why we need Elon to come to Europe and get rid of all those regulations and restrictions! We need a European DOGE!

no, we don't. regulations and restrictions are useful.

Re: EU to mobilize 200B Euros to invest in AI

#44

Earlier 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 have no experience in this whatsoever but I feel like it's good to have some transparent bureoucracy even if it's slightly inconvenient if the alternative is to toss around billions in an opaque and corrupt manner like the way bookkeeping (or lack thereof) in global scale climate funds works. Note that I don't have experience in the latter either nor sources to give, yet this is the impression I have. Feel free to correct.

Re: EU to mobilize 200B Euros to invest in AI

#45

Earlier 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.

Those grants are then likely on the state level, not EU level.

Re: EU to mobilize 200B Euros to invest in AI

#46
post #4

It'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 the…

> Only the usual players with well established "EU Funds" departments can realistically get them, such as Accenture, IBM, Cognizant, Microsoft etc.

This is not true, you just have to do a bit more effort to have all your paperwork in order.

Re: EU to mobilize 200B Euros to invest in AI

#47
post #21

It's a good thing that EU leadership is finally waking up to the urgency of renewed competitiveness, but the greatest problems are not addressed or even mentioned: 1. Europe's most ambitious entrepreneurs leave for silicon valley because audacious ambition is heavily discouraged culturally. Europe has many talented engineers and many founders who aim for "reasonable" success, but that's really not sufficient. 2. Big…

> Europe's most ambitious entrepreneurs leave for silicon valley because audacious ambition is heavily discouraged culturally.

Good. We've all seen Silicon Valley.

We'll keep our Engineers, Scientists, and large inter-union projects and organisations like CERN.

> Europe has many talented engineers and many founders who aim for "reasonable" success, but that's really not sufficient

Not under a US metropolitan HCOL existence, sure. For most in Europe, however, wealth-generation isn't the metric of success or human worth. Work-life balance is of significantly more importance than the higher-compensation/'at-will employment' trade-off.

Re: EU to mobilize 200B Euros to invest in AI

#48

Earlier 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've helped the EU Funds departments at my previous employer with auctions participation and other similar checkbox ticking exercises, they're impossible to navigate for regular companies.

I suppose the amount of red tape depends on the type of grant. In my case, I once helped with national level grants to enhance the border protection systems, deployment throughout an entire country. The amount of time and effort to simply participate in such an auction was absolutely ridiculous.

In any case, none of the auctions or checkbox ticking exercises would have been manageable by startups, companies definitely need entire departments dedicated to these funds, and I'm not referring to project management, but strictly red tape.

Re: EU to mobilize 200B Euros to invest in AI

#49

Earlier 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.

As a German, I have to disagree. The bureaucracy both of Germany and the EU is terrible. I have multiple friends who left Germany, and the bureaucracy played a significant role.

Re: EU to mobilize 200B Euros to invest in AI

#50

EU 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 don’t understand Europe, why don’t they just focus on hyper growth with limited oversight like America?

Well, you've kind of answered it yourself, because the EU is not America. It's an economic and political union formed of very different countries with diverse interests, though those interests primarily are centered around the individual and their rights, and not the corporations' profits, like America is.

And yes, I know it's an oversimplification.

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