Quantum Computing Report

European Commission Invests €112 Million ($120 Million USD) in AI and Quantum Research and Innovation

The European Commission has announced a €112 million investment in research and innovation for Artificial Intelligence (AI) and quantum technologies as part of Horizon Europe’s 2023-2024 digital, industrial, and space work programme. Specifically, €40 million ($43 million USD) will be allocated to quantum technology research, including €25 million ($27 million USD) for the establishment of a pan-European network of quantum gravimeters and €15 million ($16 million USD) for next-generation quantum technology R&D projects. For additional information, access the press release provided by the Commission here.

April 25, 2024

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