The European Union is trying to make
up ground in the race for technologies that will drive growth in
the future, from artificial intelligence to the cloud to
robotics.
The Commission will present its 'Competitiveness Compass' on
Wednesday, an action plan based on the reports by Mario Draghi
and Enrico Letta to relaunch the European economy.
One of the three pillars includes a wide range of proposals that
aim to bridge the innovation gap. A gap that, in turn, has
significantly contributed to deepening the productivity gap
between the Old Continent and the United States and which risks,
with the AI ;;revolution at the door, accelerating the decline
of the EU. To limit ourselves to AI, according to the Draghi
report, Europe attracts only 6% of global funding for AI
start-ups compared to 61% in the US and 17% in China.
Among the measures announced in the Compass, the AI ;;Factories
initiative, part of the AI ;;Continent strategy, establishes, on
the basis of the world-class EuroHpc supercomputer network in
Europe, the first "mega AI factories" with the aim of increasing
Europe's computing power and making it accessible to start-ups,
researchers and industry so they can develop and improve their
AI models.
With the EU Cloud and AI Development Act, the Berlaymont Palace
will define minimum criteria for cloud services in Europe,
filling existing capacity gaps and facilitating investment by
Member States and the private sector in sustainable cloud and AI
infrastructures.
And then there is the oil of the digital economy, data.
In the coming months, Brussels will develop a strategy to
improve the sharing of private and public data, simplify the
regulatory regime and accelerate the development of new AI
systems or applications thanks to large-scale, high-quality
data.
Another piece in the innovation puzzle is the Start-up and
Scale-up strategy, which aims to overcome the barriers that slow
down the birth and growth of European start-ups, thanks to
better access to funding, mobility of talent and cooperation
between academia and industry.
Finally, it will be crucial for Europe to secure a leadership
position also in quantum technologies that can revolutionize the
digital encryption systems that underpin current security and
defense communications, health through scanning and drug
discovery, as well as commercial transactions.
The Commission will advance a strategy and a Quantum Act to
address regulatory fragmentation, promote synergies between EU
and national programmes, and support investments in pan-European
quantum computing, communication and sensing infrastructures.
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