The European Commission announced on Wednesday a €1 billion (approximately $1.1 billion) initiative aimed at promoting the widespread adoption of artificial intelligence technology across critical industries, while working to reduce the EU's dependence on foreign technology.

The EU executive body's "Apply AI" strategy follows an action plan unveiled in April, designed to alleviate regulatory burden and cost pressures on startups struggling to comply with landmark AI regulations that took effect last August. This initiative also highlights Europe's goal of achieving strategic autonomy in key sectors amid trade tensions with the United States and China, and the dominance of major US tech companies.

European Commission President Ursula von der Leyen stated: "I want the future of AI to be made in Europe. The widespread application of AI is imperative, and through these strategies, we will help accelerate this process. We will promote this 'AI-first' approach across all our critical sectors, including robotics, healthcare, energy, and automotive manufacturing."

The Commission specifically identified healthcare, pharmaceuticals, energy, transportation, manufacturing, construction, agri-food, defense, communications, and culture as key industries that should increase their adoption of AI technology.

Industry-specific measures under the "Apply AI" strategy include establishing a network of AI-powered advanced screening centers in healthcare and developing AI applications in manufacturing, climate, and pharmaceutical sectors.

The European Commission stated that the €1 billion will come from EU research programs such as "Horizon Europe" and "Digital Europe." These programs are expected to encourage EU member states and the private sector to provide matching funding.