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 readLast updated: January 27, 2026

Published by Global Banking and Finance Review
Posted on January 20, 2025
1 min readLast updated: January 27, 2026

Spain grants $155 million to support AI development in companies, as announced by Prime Minister Pedro Sanchez. The funding aims to enhance AI integration.
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)
Spain's government will grant an additional 150 million euros, which is approximately $155 million, to support companies in developing artificial intelligence.
The subsidies aim to boost the use and integration of artificial intelligence within companies across Spain.
The information regarding the funding initiative was reported by Reuters, specifically by David Latona.
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