Italy's PM Giorgia Meloni announces a 1 billion euro AI investment fund, backed by CDP Venture Capital, with potential for 2 billion euros from the private sector.
Italy's PM Giorgia Meloni announced plans for a 1 billion euro AI investment fund, backed by CDP Venture Capital, a state lender unit. The fund could raise an additional 2 billion euros from the private sector. Italy plans to use its G7 presidency to focus on AI's impact on jobs and inequality, and is working on a bill to regulate the AI sector, creating a supervisory and supporting body.
March 12, 2024
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