The European Union has unveiled a significant €1.1 billion investment plan for artificial intelligence (AI) across various sectors, aiming to solidify its technological leadership by April 2025. The initiative, dubbed the ‘AI Continent Action Plan,’ emphasizes fostering Europe’s AI capacity and competitiveness in the global arena. While the funding doesn’t directly impact cryptocurrency markets like ETH or BTC, it could influence broader technology landscapes. .
Aimed at strengthening the EU’s technological sovereignty, the plan will use €1 billion annually through Horizon Europe and Digital Europe programs. It hasn’t provided specific allocations to individual cryptocurrencies such as ETH or BTC and doesn’t imply a direct impact on these assets at this point.
The EU’s funding strategy focuses on human-centric AI with robust regulatory frameworks. Notably, the plan emphasizes building large-scale data infrastructure and increasing access to high-quality data. This suggests potential advancements in AI governance and development, potentially shaping regulations for AI use across various sectors.
No immediate reactions have emerged from crypto market leaders or regulatory bodies.