Italy launches a billion-euro AI fund

This investment fund, which will include both new resources and existing funds, is intended to attract new investments with the aim of creating an "Italian path of AI development".

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Illustration, Photo: Shutterstock
Illustration, Photo: Shutterstock
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

Italian Prime Minister Giorgio Meloni said today that her country is launching an investment fund with one billion euros intended for artificial intelligence (AI) projects, but she called for the application of "rules of ethics" in the use of this technology.

Đorđa Meloni spoke at the artificial intelligence congress in Rome, two days before the ministerial meeting of the Group of Seven most industrially developed countries in the world (G7) in Italy on the subject.

That investment fund, which will include both new resources and existing funds, is intended to attract new investments in order to create an "Italian path of AI development," she said.

The Prime Minister added that Rome is working on national regulations, complementary to European legislation, in order to establish principles and find ways to promote the development of national AI projects.

"It is a technology that can release all its positive potential only if its development takes place within the framework of a series of ethical rules," said the Prime Minister of Italy.

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