Advancing AI Technology with European Values: EU Funding for Development

by | Jun 25, 2023

The European Union (EU) is investing €400 million in the development of an artificial intelligence (AI) technology that is built on European values and principles. The AI will be open source, subject to ongoing monitoring and evaluation, and designed to support the United Nations Sustainable Development Goals. The ultimate goal is to ensure that AI is used for the benefit of society in various industries, including healthcare, finance, and transportation.

The German AI Association is committed to setting up a dedicated infrastructure that will train large language models, while Paris-based AI start-up Mistral has raised €105 million in funding from two German venture capital firms, Headline and La Famiglia, to support the development of this AI technology.

One of the key features of this AI technology is its ability to identify and mitigate bias. It can adapt to changing circumstances and interact with humans in a natural way. Furthermore, it can learn from data and make decisions based on that data. The open-source nature of the AI will allow users to check the fairness, robustness, and ethical aspects of the AI systems.

Mistral’s AI technology will be developed with European values and principles in mind, making it a competitor to OpenAI. The majority of the funding for Mistral will be used to recruit the world’s best researchers and developers in the field of AI. Mistral aims to focus on European industry with its AI, which should be ready in 2024.

The need for an AI with European values stems from European law, which could make it difficult for EU companies to use AI software from abroad due to data protection concerns. The EU AI regulation applies to all companies that develop or use AI in the EU, requiring them to be transparent about how their AI systems work and be accountable for their AI systems.

The EU AI regulation will also establish a European AI Alliance to promote the development of AI in Europe. It will also establish a European AI Board to oversee the implementation of the regulation. The initiative includes the development of a European AI ecosystem.

The EU AI regulation aims to regulate the ethical and legal aspects of AI, and the EU hopes to have developed and deployed competitive AI models in Europe that align with its values by the time the EU AI Act is introduced in two years.

The EU is taking a proactive approach to the regulation of AI to ensure its ethical and legal use in industries. The development of an AI with European values is a significant initiative that the EU is funding through its Horizon 2020 research and innovation program. This initiative will ensure that AI is developed in a way that is ethical and transparent, with its benefits felt by society at large.

In conclusion, the EU is investing in an AI technology that aligns with European values and principles. This AI technology will be used in various industries to improve society. Mistral’s AI technology is set to be a competitor to OpenAI, but with a key difference – it will be developed with European values and principles in mind. The EU is ensuring that AI is regulated ethically and legally through its AI regulation, which will establish a European AI ecosystem to promote the development of AI in Europe. The EU’s proactive approach to the regulation of AI is a significant step towards a future where AI is used ethically and responsibly.