European Commission sets out its €20bn plan for ethical AI

In a bid to prevent falling behind China and the US, the European Commission has outlined its plan to invest €20 billion in ethical artificial intelligence. The cash will be used to boost artificial intelligence research in the private and public domains, prepare for the socio-economic changes advancements will bring about, and ensure frameworks are in place for its legal and ethical development. "Just as the steam engine and electricity did in the past, AI is transforming our world. It presents new challenges that Europe should meet together in order for AI to succeed and work for everyone. We need to invest at least €20 billion by the end of 2020. The Commission is playing its part: today, we are giving a boost to researchers so that they can develop the next generation of AI technologies and applications, and to companies, so that they can embrace and incorporate them."