Spain to Invest 600m Euro in Artificial Intelligence

PEDRO SANCHEZ has announced plans for Spain to invest 600 million euro into an ambitious new Artificial Intelligence (AI) strategy in an effort to transform the country's economy and infrastructure. The Prime Minister said that the government will invest over 600 million euro into the development of a national AI strategy between 2021 and 2023, with the possibility to further funding'if things are done well'. The ambitious new strategy will encompass the application of AI in business, administration, and education and will attempt to make Spain a global centre for the emerging tech field. Of the 600m allocated budget, 275m will be invested directly into technological development. A further 133m will be spent on integrating AI into the economy and production, while 100m will go towards applying AI into public and government systems.