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Italy sets its sights on AI, with plans to set up an investment fund to promote artificial intelligence projects.<\/p>\n
Speaking via video message<\/a> at the \u2018Artificial Intelligence for Italy\u2019 conference in Rome, on Tuesday (Mar. 12), Prime Minister Giorgia Meloni announced a one-billion-euro fund.<\/p>\n This is being backed by CDP Venture Capital, a unit of state lender Cassa Depositi e Prestiti (CDP), the fund could go on to raise a further 2 billion euros from the private sector, the company\u2019s chief executive Agostino Scornajenchi said.<\/p>\n According to Reuters<\/a>, the PM expanded further by saying: \u201cWe are convinced that there can and must be an Italian way to artificial intelligence,\u201d<\/p>\n Alongside the one-billion-euro investment fund, he also said<\/a> they\u2019ll be looking at a law to regulate AI: \u201cThe government is preparing a law that aims to establish some principles and set rules that are complementary to the European regulation<\/a> that is in the process of being approved and identify the most effective measures to stimulate our productive capabilities.\u201d<\/p>\n Giorgia Meloni continues: \u201cWe are also working to identify the most suitable body to act as the competent authority for the use of technologies based on artificial intelligence.\u201d<\/p>\n The planned legislation will be officially presented in the coming weeks and it\u2019ll sit under the national AI strategy.<\/p>\n This comes in the midst of other countries announcing AI plans, with President Biden signing an executive order to oversee and invest in AI in October of last year. This order is broad, but suggests funding for the U.S. government <\/a>to further invest in the technology.<\/p>\n In the UK\u2019s 2024 Budget announcement <\/a>(Mar. 6) the Chancellor announced the doubling of investment for the Alan Turing Institute which is the internationally leading body for data science AI, bringing its total funding to \u00a3100 million.<\/p>\n Since its inception, countries worldwide have had mixed feelings about incorporating the use of AI.<\/p>\n A December 2023 cluster analysis<\/a> created by James S. Denford, Gregory S. Dawson, and Kevin C. Desouza has highlighted differences and similarities between countries\u2019 national AI strategies. The authors found that the U.S. has one of the most complete AI strategies, but is focused heavily on the dangers of AI. They report this to be the case across many Western countries.<\/p>\n They highlight China as paving the way and being in the lead, with an almost exclusive interest in research and development.<\/p>\n According to research<\/a>, places like China, Spain, and the U.S. plan to deploy AI in all industries other than defense and tourism.<\/p>\n Featured image: Photo by Caleb Miller<\/a> on Unsplash<\/a><\/strong><\/em><\/p>\n<\/p><\/div>\nHow different countries are approaching AI<\/b><\/h2>\n