From TechCrunch
By Natasha Lomas
December 19, 2023
A European Union plan to support homegrown AI startups by providing them with access to processing power for model training on the bloc’s supercomputers, which was announced back in September and kicked off last month, has seen France’s Mistral AI participate in an early pilot phase, according to an update from the EU. But one […]
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EU boosts EIC budget for supporting deeptech R&D and strategic scale-ups
The European Union will spend €1.4 billion (about $1.5 billion) next year to bolster deeptech research and support scale-ups in strategic areas like AI, low-carbon technologies, agritech and biotech, the European Commission said on Tuesday. The budget for the 2025 Work Program of the European Innovation Council (EIC), part of the bloc’s flagship Horizon Europe research program, has been increased by nearly €200 million compared to last year. The Commission highlighted several other “improvement
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CoreWeave, which provides cloud infrastructure for AI training, secures $2.3B loan
As organizations rush to embrace AI, it’s putting the cloud — or clouds, rather — under strain. Amazon Web Services, Microsoft, Google and Oracle, facing an unprecedented spike in demand for the server chips that train and run AI-powered software, are limiting their availability for customers. Microsoft has been particularly candid about its struggles, warning […]
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