The European Commission on Wednesday presented its AI Continent Action Plan aimed at transforming European "strong traditional industries and its exceptional talent pool into powerful engines of AI innovation and acceleration" in an effort to compete with the United States and China.
The commission explained that it intends to build AI facilities and "gigafactories," increase access to large volumes of high-quality data by creating data labs, and promote AI adoption in strategic public and private sectors. Additionally, it will simplify the AI-related regulation as major tech firms criticized the bloc over its overly strict AI regulation.
Meanwhile, the EC President Ursula von der Leyen said that she will discuss the implementation of the plan with all relevant actors, including 13 AI factories, this afternoon in Brussels.