EU says AI race ‘far from over’ as bloc pledges 50-billion-euro investment boost European Commission President Ursula von der Leyen said Tuesday that the race for AI leadership had not yet been won by China or the U.S.

France unveils 109-billion-euro AI investment as Europe looks to keep up with U.S. Macron announced the mammoth investment sum ahead of France’s AI Action Summit, where world leaders and tech bosses are gathering in Paris this week.