Artificial Intelligence: Brazil Invests in AI Projects with the US and China
The investments amount to 380 million euros. More than half of that will flow into a project with Chinese corporations. US chip company Nvidia also wants to win a tender for itself.
Brazil plans to increase investments in Artificial Intelligence (AI) and divide projects between companies from the US and China to balance its relationships with both superpowers. The goal is to strengthen national sovereignty over data and not rely on a single company, technology or country. The government of President Luiz Inácio Lula da Silva has earmarked around 2.3 billion Reais (approximately 380 million Euros) for the initiative.
A Supercomputer project in Rio de Janeiro, developed in partnership with Chinese companies Huawei and iFlytek, will receive over half of the funding, while another Supercomputer in Rio Grande do Norte, expected to be one of the world's top 10 AI computers, will receive around one billion Reais.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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