The European Union will propose establishing an advanced research project agency modeled on US government entities to invest in strategic technologies as part of a broader drive to boost the bloc’s competitiveness.
The bloc will also call for building new aggregated supercomputing infrastructure for artificial intelligence. The plans are included in a new draft strategy the EU will release at the end of January alongside proposals to cut regulation, improve access to funding, lower energy costs and mitigate dependencies linked to critical materials, according to people familiar with the matter and documents seen by Bloomberg.
The so-called Competitiveness Compass, due ...