Eurozone companies primarily finance their artificial intelligence investments through internal funds and face difficulties accessing external sources of financing, according to data from the European Central Bank cited by Reuters. The data highlight an important difference between European companies and their US rivals. While eurozone firms rely mainly on internal resources to support the development of artificial intelligence projects, US companies have borrowed heavily to finance their expansion. The new finding highlighted by the ECB’s analysis concerns differing access to financing and how it may influence the pace of investment in artificial intelligence.
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