Israel has allocated NIS 500 million ($133 million) for education and critical R&D and data infrastructure with the aim to keep the country at pace with the global advancements in the development and adoption of artificial technology models.
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The investment which is part of the National Artificial Intelligence Program is designed to help Israel maintain and fortify its position as a global leader in light of the fast developing technology.
The funds will be invested in R&D infrastructure, including the launch of a national institute that will be saddled with the mission to foster advanced research in collaboration with Israeli and international experts across academia, industry, and the military.
According to timesofisrael.com:
The program, which is funded until 2027, will prioritize the development of AI skills in academia and the military, as there is a shortage of human capital in the field, and seek to establish a robust talent pipeline.
