Select Page

Spain is to invest 600 million euros (725 million dollars) in developing artificial intelligence over the next two years as part of plans to transform its national economy, the premier said Wednesday.

The programme would run from 2021 to 2023, starting with an initial injection of 330 million euros, Prime Minister Pedro Sanchez said.

Developing artificial intelligence (AI) is one of the main objectives of Spain’s digital transformation programme which was announced in July and is part of a plan to transform the Spanish economy.

Sanchez said the aim of the government’s AI strategy was to “align Spain with the leading countries involved in the study and use of reliable artificial intelligence for economic and social development as a tool for economic modernisation”.

More From Barron’s

Share via
Copy link
Powered by Social Snap