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Italy to launch €150M fund for AI startups
May 31, 2023, 12:55 p.m. | Linnea Ahlgren
The Next Web thenextweb.com
Italy is the latest country looking to quickly shore up domestic development of an AI ecosystem. As part of its Strategic Program for Artificial Intelligence, the government will “soon” launch a €150 million fund to support startups in the field, backed by development bank Cassa Depositi e Prestiti (CDP). As reported by Corriere Communazione, Alessio Butti, Italy’s cabinet undersecretary in charge of technological innovation, relayed the news of the state-backed fund yesterday. While he didn’t provide specific details on the …
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