EUR 200 billion will be available for the development of artificial intelligence in Europe, and Bulgaria should make the most of this opportunity, said Premier Rosen Zhelyazkov in Paris, where he participated in the Artificial Intelligence Summit. Rosen Zhelyazkov emphasized the achievements of the Bulgarian Institute of Computer Science, Artificial Intelligence, and Technology (INSAIT), which is the first of its kind in Eastern Europe. To present the institute to a wider circle of potential partners, Zhelyazkov was accompanied by the Scientific Director of INSAIT, Professor Martin Vechev.

"Bulgaria can become one of the leaders in Europe in the field of artificial intelligence", said Martin Vechev. He noted that INSAIT and other Bulgarian organizations have submitted a project under the European Commission's initiative for AI Factories. AI factories will substantially increase the computational power available for AI development in Europe. They will be interconnected and accessible to European startups, industries and researchers in the field. Professor Vechev explained that thanks to INSAIT, Bulgaria has a huge advantage over many other countries, as the institute and its research are at a global level.