Italy plans to set up a state-supported investment fund to promote the development of AI-related start-ups

[Italy plans to set up a state-supported investment fund to promote the development of AI-related start-ups] Italian Deputy Cabinet Minister in charge of technological innovation Alessio Buti (Alessio Butti) said on Tuesday that the Italian government plans to set up an investment fund supported by the Italian Deposit and loan Institution Limited (CDP) to promote the development of start-ups investing in AI. Focus on AI learning, research, and programming. "our goal is to improve the independence of Italian industry, develop national capacity, and develop expertise and related research in such a strategic area," Buti said. " According to sources, Italy plans to allocate nearly 150 million euros ($165 million) to launch the fund. (Reuters)