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Home AI Article

Italy Announces a Billion Euros for AI Development and Plans New Penalties for AI Abuse
(Synopsis)

by ainewsarticles
May 2, 2024
in AI Article, Business, Business & Finance, Favorite, Government & Law, Grant & Philanthropy, Nation & World, Science, Science & Technology, Society
Reading Time: 1 min read
Italy Announces a Billion Euros for AI Development and Plans New Penalties for AI Abuse
6
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Italy announced a new AI plan, allocating 1 billion euros to AI development for use over the next five years, focusing on its ethical use. Italy’s AI development plan involves a venture capital arm funding startups, mature companies scaling AI technologies abroad, and transferring AI technologies from universities to market. Simultaneously, Italy is working on creating AI legislation to complement the EU’s regulations, with potentially severe penalties for crimes involving AI. This aligns with the EU’s broader efforts to strengthen AI innovation and economic competitiveness, while addressing the associated risks.

 

 

The ainewsarticles.com article you just read is a brief synopsis; the original article can be found here: Read the Full Article…

 

 

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