NATO allocates 1 billion euros for artificial intelligence, robots and space technologies: what is known

Ivanna ShepelWorld
artificial intelligence
Artificial intelligence. Source: Pixabay

A consortium of NATO Allies has confirmed the first tranche of funding to companies under the group's €1 billion Innovation Fund. The alliance launched the fund in the summer of 2022, a few months after Russia's invasion of Ukraine, to invest in technology to strengthen its defense .

This was reported by Reuters. The fund is supported by 24 of NATO's 32 member states, including Finland and Sweden, which recently joined the alliance.

The NATO Innovation Fund (NIF) has confirmed direct investments in four European technology companies that will help address defense, security and resilience challenges.

In particular, funding was allocated to Fractile AI, a London-based company that produces computer chips to accelerate the work of large language models (LLMs), similar to those used in ChatGPT, as well as ARX Robotics, a German company that develops unmanned robots with various functions.

Other startups included the British company iCOMAT, which produces lighter materials for vehicles, and the Welsh company Space Forge, which uses space conditions such as microgravity and vacuum to create semiconductors in orbit.

"Ensuring access to strategic technologies is key to securing a secure and prosperous future for the alliance's one billion citizens," said Andrea Traversone, managing partner of the fund.

The fund has also entered into partnership agreements with venture capital companies Alpine Space Ventures, OTB Ventures, Join Capital and Vsquared Ventures to support further investments in advanced technologies in Europe.

Earlier it was reported that Swedish scientists have created the world's first "living computer" from the human brain. It can solve the global energy crisis.

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