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Italian state lender to invest 1 bln euros in 5 years in AI

– The venture capital arm of Italy’s Cassa Depositi e Prestiti (CDP) will invest 1 billion euros ($1.1 billion) over the next five years in artificial intelligence (AI) and cybersecurity, the state lender said on Monday.

The government in March had announced its intention to set up an investment fund to promote projects in the AI sector, backed by CDP, as part of its broader push, as chair of the G7, to focus on the impact of AI on jobs and inequality.

Link: https://www.reuters.com/technology/italian-state-lender-invest-1-bln-euros-5-years-ai-2024-04-08/

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