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European Commission grants $1.3 billion to propel collaborative AI cloud computing initiative

This funding is expected to propel Europe closer to its Digital Decade ambitions, fostering collaboration among key industry players and driving innovation in cloud and edge computing infrastructure.

By James Nunns

Media & Commercial Director, The Tech Capital

2 Mins

January 10, 2024 | 10:22 PM GMT

European Commission grants $1.3 billion to propel collaborative AI cloud computing initiative

Thierry Breton, European Commissioner for Internal Market. Source: European Union/Lukasz Kobus

The Tech Capital

In a significant move toward achieving its Digital Decade targets, the European Commission (EC) has approved €1.2 billion in public funding for IT and telecom giants across seven Member States. 

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James Nunns

Media & Commercial Director, The Tech Capital

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