Microsoft announces new European digital commitments

Forty-two years ago, Microsoft released the very first version of Microsoft Word. It was a major milestone in the company’s journey to enhance people’s productivity through innovation. It also marked the young and growing company’s first big step in Europe with the first Microsoft product localized in multiple European languages, starting with German and French.

Since then, our economic reliance on Europe has always run deep. We recognize that our business is critically dependent on sustaining the trust of customers, countries, and governments across Europe. We respect European values, comply with European laws, and actively defend Europe’s cybersecurity. Our support for Europe has always been–and always will be–steadfast.

In a time of geopolitical volatility, we are committed to providing digital stability. That is why today Microsoft is announcing five digital commitments to Europe. These start with an expansion of our cloud and AI infrastructure in Europe, aimed at enabling every country to fully use these technologies to strengthen their economic competitiveness. And they include a promise to uphold Europe’s digital resilience regardless of geopolitical and trade volatility. Continue reading “Microsoft announces new European digital commitments”

Europe boosts European AI developers with the AI Factories call for proposals

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Today, the Commission has launched a call for setting up AI Factories to boost European leadership in trustworthy artificial intelligence (AI). AI Factories will be created around the EU’s world-class network of European High-Performance Computing (HPC) supercomputers and will be available to a range of European users, such as startups, industry and researchers.

President of the Commission, Ursula von der Leyen said: “Europe is already leading the way with the EU AI Act, ensuring AI is safer and more trustworthy. Earlier this year, we fulfilled our promise by opening our high-performance computers to European AI start-ups. Now, Europe must also become a global leader in AI innovation. AI Factories will help secure our position at the forefront of this transformative technology.”

AI Factories will bring together the key ingredients for success in AI: computing power, data and talent. They will help AI developers train their large generative AI models by using the EuroHPC supercomputers and providing access to data, computing and storage services. The Factories will be networked across Europe, providing a unique European collaborative AI framework. Continue reading “Europe boosts European AI developers with the AI Factories call for proposals”

Embracing the digital transition to help fight VAT fraud and support EU businesses

The European Commission today proposed a series of measures to modernise and make the EU’s Value-Added Tax (VAT) system work better for businesses and more resilient to fraud by embracing and promoting digitalisation. Today’s proposal also aims to address challenges in the area of VAT raised by the development of the platform economy.

Member States lost €93 billion in VAT revenues in 2020 according to the latest VAT Gap figures also published today. Conservative estimates suggest that one quarter of the missing revenues can be attributed directly to VAT fraud linked to intra-EU trade. These losses are clearly detrimental to overall public finances at a time when Member States are adjusting budgets to deal with the social and economic effects of recent energy price spikes and Russia’s war of aggression against Ukraine. In addition, VAT arrangements in the EU can still be burdensome for businesses, especially for SMEs, and other companies who operate or are looking to scale-up cross-border. Continue reading “Embracing the digital transition to help fight VAT fraud and support EU businesses”