The EU allocates only 50 billion euros of the European Competitiveness Fund, a seven-year industrial programme, to AI.
Volt · Verts/ALE
4 verified claims
The EU allocates only 50 billion euros of the European Competitiveness Fund, a seven-year industrial programme, to AI.
American venture capital funds manage around EUR 930 billion, compared to around EUR 150 billion in Europe, around six times less.
Around 20% of the world's oil passes through the Strait of Hormuz.
A 10% increase in oil prices raises euro area inflation by 0.3 percentage points.