Today in AI is a daily recap of the latest news and developments in the AI industry. See your story and want to be featured in an upcoming episode? Reach out at tonyphoang.com Over 90 European companies, including Airbus and Dassault Systemes, have called on the European Commission to establish a sovereign infrastructure fund to boost public investment and reduce dependence on non-European technologies. This initiative aims to promote technological self-reliance, stimulate economic growth, and enhance security by supporting critical sectors such as AI, quantum computing, and semiconductor manufacturing. The move is seen as a strategic effort to position Europe as a leader in these advanced technologies and ensure its competitiveness on the global stage. Intel, under the new leadership of incoming CEO Lip-Bu Tan, plans to overhaul its AI strategies and manufacturing processes to regain market share and achieve financial stability. Tan's strategy includes developing competitive AI chips, improving manufacturing efficiency, and building stronger customer partnerships to establish Intel as a key player in the semiconductor industry. These initiatives are vital for Intel as it navigates the rapidly changing landscape of AI technology and strives to maintain its market relevance. Artificial General Intelligence (AGI) aims to replicate human-like intelligence, with experts predicting its emergence within the next decade. The development of AGI involves overcoming significant technical challenges, addressing ethical concerns, and managing geopolitical tensions, all while promising profound impacts across various sectors. The pursuit of AGI represents a significant milestone in AI, with the potential to revolutionize industries and transform human interaction with technology.