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    Home > Finance > Spain to grant $155 million in subsidies to help companies develop AI
    Finance

    Spain to grant $155 million in subsidies to help companies develop AI

    Published by Global Banking and Finance Review

    Posted on January 20, 2025

    1 min read

    Last updated: January 27, 2026

    This image represents Spain's recent announcement of $155 million in subsidies aimed at enhancing artificial intelligence integration in companies, highlighting the government's commitment to advancing AI technology in the finance sector.
    Spain's government announces $155 million AI development subsidies - Global Banking & Finance Review
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    Tags:innovationtechnologyArtificial IntelligenceGovernment fundingbusiness investment

    Quick Summary

    Spain grants $155 million to support AI development in companies, as announced by Prime Minister Pedro Sanchez. The funding aims to enhance AI integration.

    Spain Allocates $155 Million to Support AI Development in Companies

    MADRID (Reuters) - Spain's government will grant additional subsidies totalling 150 million euros ($155 million) for companies to boost the use and integration of artificial intelligence (AI), Prime Minister Pedro Sanchez said on Monday.

    ($1 = 0.9689 euros)

    (Reporting by David Latona; Editing by Inti Landauro)

    Key Takeaways

    • •Spain grants $155 million for AI development.
    • •Prime Minister Pedro Sanchez announced the subsidies.
    • •Funding aims to boost AI integration in companies.
    • •Subsidies total 150 million euros.
    • •AI development is a key focus for Spain's government.

    Frequently Asked Questions about Spain to grant $155 million in subsidies to help companies develop AI

    1How much funding is Spain providing for AI development?

    Spain's government will grant an additional 150 million euros, which is approximately $155 million, to support companies in developing artificial intelligence.

    2What is the purpose of the subsidies?

    The subsidies aim to boost the use and integration of artificial intelligence within companies across Spain.

    3Who reported on this funding initiative?

    The information regarding the funding initiative was reported by Reuters, specifically by David Latona.

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