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European Investment Bank to inject €70 billion in European tech

The European Investment Bank (EIB) will invest €70 billion into Europe's technology sector by 2027, aiming to close the innovation gap with the United States. This initiative seeks to strengthen Europe's position in emerging technologies like artificial intelligence and military drones and to draw increased private investment, potentially unlocking €250 billion for the sector. EIB President Nadia Calviño emphasizes the bank's willingness to take more risks, notably speeding up the venture capita...

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