EU to mobilize 200B Euros to invest in AI

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 come from? That is the question and theses announcements are never followed by any real investigation from the journalists that are parroting them.

It's vaporware at it's finest.

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

#9

Post by jajko » Wed, Feb 12, 2025, 12:25 PM UTC

tiberius_p wrote: post #2

We 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 invest easily 5% of GDP into security is beyond me, thats not a bad requirement from trump actually (if some time is given to reshuffle budgets). There are threats from all sides - one genocidal dictator on our borders repeatedly keeps stating how he will wipe out few hundreds of millions with atomic bombs aimed at our cities. Inner threats with Hungary and Slovakia now.

Then there are global threats, be it China or maybe even US if trade wars will go on 100%, and who knows what Turkey actually wants. Yet Leyden's blind focus on green deal when whole world literally abandoned it, killing our industries while making 0 difference long term is... I don't have a nice word for it. If there is actually some sound logic behind those moves she failed remarkably with communicating them to literally everybody.

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

#10

Post by bloomingkales » Wed, Feb 12, 2025, 12:26 PM UTC

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?