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NATO's 1.1B innovation fund invests in AI, robots and space tech

FOX News

UPenn Wharton School Associate Professor Ethan Mollick weighs in on the Biden White House's new guidelines for artificial intelligence in the workplace on'Fox News Live.' A consortium of NATO allies has confirmed the first tranche of companies awarded funding as part of the group's 1.1 billion innovation fund. The alliance unveiled the fund in the summer of 2022, months after the Russian invasion of Ukraine, promising to invest in technologies that would enhance its defenses. The fund is backed by 24 of NATO's 32 member states, including Finland and Sweden, which joined the alliance earlier this year. On Tuesday, the NATO Innovation Fund (NIF) confirmed it had directly invested in four European tech companies, which it said would help address challenges in defense, security, and resilience.