NATO will set up a special fund to invest €1 billion in the latest dual-use technologies.
According to a Ukrinform correspondent, this was expressed by NATO Secretary General Jens Stoltenberg at a press conference in Madrid.
“We are creating a NATO innovation fund. With Allied support, it will invest 1 billion euros in startups and foundations that develop the latest dual-use technologies such as artificial intelligence,” he said.
According to him, this new fund will allow NATO to better adapt to the realities of the modern world. “Together with NATO’s North Atlantic Defense Accelerator (DIANA), the new fund will seek new technologies for transatlantic security,” he said.
It is reported that a NATO summit will be held in Madrid on 28-30 June. Heads of State and Government are considering ways to strengthen deterrence and defense policies and enhance the defense capabilities of the Alliance in the new security situation that has developed since the Russian invasion of Ukraine.
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