The agency will be modeled after similar entities in the United States, and it will invest in strategic technologies. This move is part of a larger initiative to enhance the competitiveness of the EU, the report said.
In addition to this, the bloc is planning to construct a new aggregated supercomputing infrastructure specifically for artificial intelligence (AI), it added.
These plans are part of a new draft strategy that the EU is expected to release at the end of January.
Along with these proposals, the EU plans to introduce measures to reduce regulation, increase access to funding, decrease energy costs, and lessen dependencies related to critical materials, according to the report.
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