Artificial intelligence (AI) has come a long way since it was first considered in the 1940s. By 2025, the AI market is expected to be worth USD 59 billion.1 AI is a key driver of productivity and economic growth, and already has a significant impact on our daily lives. With its extensive network and broad thematic coverage, the EIT is uniquely placed to help Europe make the most of the potential of AI and keep up with the AI technological race. The European Commission mandated the EIT to support the development and deployment of AI technologies across Europe. The EIT has the capacity to accelerate and harvest AI applications that have a positive societal impact. The EIT is one of the largest European public-private AI innovation initiatives.
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