**EU Steps Up Tech Investment Game**

The European Union is ramping up efforts to attract more venture capital into its tech sector to compete with the U.S. and China. On October 21, EU Commissioner Iliana Ivanova unveiled the "Trusted Investors Network" during a meeting with Greek Prime Minister Kyriakos Mitsotakis. This initiative aims to boost investments in biotechnology and semiconductors for AI development.

Key Points:

- 71 investors across Europe, with assets worth over €90 billion ($98 billion), have committed to the initiative.

- The goal is to support deep-tech startups and scale innovation through co-investment with the EUeic Fund.

- The move aligns with the European Central Bank's recommendations for larger tech investments to maintain competitiveness.

Greece is also making strides in tech:

- Dronamics, an EU Innovation Council-supported project, launched the region’s first cargo drone airline.

- A new $330 million AI data center, funded by Paris-based Data4, is set to open in November, boosting the local economy and digital ecosystem.

- The Greek government has formed an AI advisory committee to shape a national strategy, involving top tech, ethics, and science professionals.

These efforts are part of a broader EU strategy to ensure safe and innovative growth in the tech sector, supported by recent regulations like the EU AI Act and the Markets in Crypto-Assets Regulation (MiCA).