AI & Blockchain: European Investment Bank warns of EUR 10bn funding gap

Reading Time: < 1 minute

European investments in artificial intelligence (AI) and blockchain technologies are way behind Chinese and American investments. In a report related to such competition, the European Investment Bank (EIB) has concluded that the EU has an annual investment shortfall of up to EUR 10 billion.

The EIB reports that China and the US account for 80% of the EUR 25 billion in equity investments in the two technologies combined. In comparison, the EU only accounts for 7% of the total investments, at EUR 1.7 billion. Between 2010 and 2019, the report continues, global equity investments in AI and blockchain technologies grew at an average of 38%, to EUR 80-85 billion.

These technologies are not only relevant by themselves, as the EIB suggests they will play a central role in the EU’s green and digital transitions. They will also help in speeding up the transformation of sectors hit hard by Covid-19, such as financial services, healthcare, and business intelligence.

Read the full report

CET Editor

Recent Posts

US soldiers die during Lithuania training exercise

A total of three US soldiers were found dead while a fourth remains missing after…

16 hours ago

Trump-Putin detente could revive Nord Stream 2

The US and Russia are discussing the potential reopening of the Nord Stream 2 gas…

17 hours ago

Dodik dodges arrest warrant, surfaces in Moscow

Republika Srpska (RS) President Milorad Dodik announced that he had arrived in Moscow on Monday…

17 hours ago

CEE startups outpace Western Europe rivals

Startups in Central and Eastern Europe (CEE) are growing faster than in Western Europe and…

17 hours ago

Gender pay gaps remain in CEE, despite EU efforts

Romania and Poland have gender pay disparities among the lowest in the EU, according to…

1 week ago

Europe’s trilemma: rearmament, green transition, competitiveness

European leaders met in Brussels on 20 March to confront a mounting policy dilemma: how…

1 week ago