15 Feb 2024

Tool: EU alliance for AI

The governments of Germany, France, and Poland are joining forces to push for EU-wide cooperation towards a common strategy for AI made in Europe. Germany, France, and Poland argue that closer cooperation among member states will be necessary for the EU to catch up to the US and China in the development of AI systems that not only innovate the European economy but also have a strong foundation in democratic ideals and EU regulations. With very few notable contributions to search engines, social media, and other online shopping and entertainment platforms, the EU had a minor influence in the internet industry. AI could be the EU IT sector's second chance. "Now that we have a second opportunity, let's take the wheel and drive instead of being driven," Stark-Watzinger remarked (Federal Minister of Education and Science of Germany).


This marketing document has been issued by Bank Syz Ltd. It is not intended for distribution to, publication, provision or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, provision or use. It is not directed to any person or entity to whom it would be illegal to send such marketing material. This document is intended for informational purposes only and should not be construed as an offer, solicitation or recommendation for the subscription, purchase, sale or safekeeping of any security or financial instrument or for the engagement in any other transaction, as the provision of any investment advice or service, or as a contractual document. Nothing in this document constitutes an investment, legal, tax or accounting advice or a representation that any investment or strategy is suitable or appropriate for an investor's particular and individual circumstances, nor does it constitute a personalized investment advice for any investor. This document reflects the information, opinions and comments of Bank Syz Ltd. as of the date of its publication, which are subject to change without notice. The opinions and comments of the authors in this document reflect their current views and may not coincide with those of other Syz Group entities or third parties, which may have reached different conclusions. The market valuations, terms and calculations contained herein are estimates only. The information provided comes from sources deemed reliable, but Bank Syz Ltd. does not guarantee its completeness, accuracy, reliability and actuality. Past performance gives no indication of nor guarantees current or future results. Bank Syz Ltd. accepts no liability for any loss arising from the use of this document.

Read More

Investing with intelligence

Our latest research, commentary and market outlooks