The European Investment Bank (EIB) has granted a €20m loan to Hungarian
company AImotive, the European Commission announced Friday. The money
will be spent on research and development of artificial intelligence
software for self-driving vehicles. The commission believes the EU
should prepare for self-driving cars.
"I'm glad we are doing this in Central Europe, where the automotive
industry has a long history of success," said EIB vice-president Vazil
Hudak.
Read more: EU invests €20m in AI software for self-driving cars
Read more: EU invests €20m in AI software for self-driving cars
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