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The European Commission sanctioned a €1.2 billion aid for a pioneering cloud computing venture, uniting seven nations to boost tech autonomy.
The Hungarian companies 4iG and E-Group ICT Software are among 19 businesses participating in a European Union project to support the development and deployment of next-generation cloud infrastructure and services, the Economic Development Ministry said on Tuesday, according to a report by state news wire MTI.
European Union: Didier Reynders, the EU commissioner in charge of competition policy, said the IPCEI project would create around 1,000 direct and indirect jobs initially for data scientists or AI specialists, with a further 5,000 jobs later.
The European Commission approved on Tuesday up to 1.2 billion euros of state aid for a European cloud computing project. The project, called IPCEI Next Generation Cloud Infrastructure... -December 05, 2023 at 04:02 am EST - MarketScreener
BRUSSELS -The European Commission approved on Tuesday up to 1.2 billion euros of state aid for a European cloud computing project to try to boost the involvement of EU business in a field dominated...