Meta’s head of global affairs Nick Clegg: 'We’re trading on past glories; none of the world’s top 10 start-up ecosystems are in Europe.' Photograph: Riccardo Savi/Getty Imagesas it backs a new round of supports to help boost development of artificial intelligence start-ups in the European Union
The programme will be open to EU start-ups that want to integrate any open-foundation models into their products, and will run from September 2024 to February 2025.‘Any investment in my home I consider value as it’s my sanctuary’Washington Post’s own coverage of incoming editor prompts change of plan
The programme will support five start-ups initially, although Mr Clegg said there was the chance to grow it further in the future. “For too long, political energy has gone into passing new rules in Brussels. But new rules don’t create new jobs. New rules don’t create new companies,” he said. “Given its sheer size, the European Union should do more to try and catch up with the adoption and development of new technologies in the US and not confuse taking a lead on regulation with taking a lead on the technology.”
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