Business

Spain hopes to reap benefits from Apple with artificial intelligence | Financial

This can give the country an economic boost, which is much needed after the corona pandemic, says Spanish Prime Minister Pedro Sanchez, who met Apple CEO Tim Cook. According to Sanchez, Apple expressed interest in developing artificial intelligence and television production in his country.

“We expect Apple to invest more in Spain in the coming years,” Sanchez said. Spain wants to become an audiovisual center of Europe, according to the prime minister. By 2025, the Spanish government wants to put 1.6 billion euros into the country’s audiovisual sector in order to expand it by a third. Video streaming company Netflix is ​​already opening its first production location near the capital Madrid. This makes Spain a popular location for major television productions, such as the fantasy series Game of Thrones.

Corona crisis

Sanchez was in the United States for a few days and met more companies there that he wants to interest in investing in Spain to get out of the corona crisis. These include investment company BlackRock and computer companies HP, Intel and computer chip maker Qualcomm. According to Sanchez, there are many opportunities in Spain for cybersecurity and quantum computers, which can calculate much faster with much smaller particles.

Like Italy, Spain is one of the countries in Europe hardest hit by the virus outbreak. From the EUR 750 billion corona recovery fund of the European Union, approximately EUR 140 billion will go to Spain. Sanchez previously indicated that he wanted to invest the money in digitization, green energy and education.

Apple has 11 stores in Spain and has spent about $1.5 billion on suppliers in the country over the past five years. This directly and indirectly created more than 70,000 jobs. Last year, Apple paid about $50 million for Vilynx, a start-up developing technology that uses artificial intelligence to analyze video images.

Spain hopes to reap benefits from Apple with artificial intelligence | Financial
Source link Spain hopes to reap benefits from Apple with artificial intelligence | Financial

Back to top button