{"id":142721,"date":"2024-10-02T17:13:03","date_gmt":"2024-10-02T15:13:03","guid":{"rendered":"https:\/\/www.startupbusiness.it\/cdp-vc-and-openai-sign-memorandum-of-understanding-and-microsoft-invests-in-ai-in-italy\/142721\/"},"modified":"2024-10-04T11:14:36","modified_gmt":"2024-10-04T09:14:36","slug":"cdp-vc-and-openai-sign-memorandum-of-understanding-and-microsoft-invests-in-ai-in-italy","status":"publish","type":"post","link":"https:\/\/www.startupbusiness.it\/en\/cdp-vc-and-openai-sign-memorandum-of-understanding-and-microsoft-invests-in-ai-in-italy\/142721\/","title":{"rendered":"CDP VC and OpenAI sign memorandum of understanding and Microsoft invests in AI in Italy"},"content":{"rendered":"\n

For the time being, the memorandum of understanding signed by CDP Venture Capital and OpenAI<\/strong> emphasises the desire to strengthen Italy’s position in the development and use of artificial intelligence, thus promoting innovation in the national ecosystem.<\/p>\n\n

The initiative supports the government’s stated goals of creating national champions of artificial intelligence in order to stimulate productivity, innovation and economic growth in Italy.<\/p>\n\n

The partnership, which aims to promote the development of the AI ecosystem, and the commercialisation and adoption of cutting-edge AI technologies by Italian start-ups and innovative companies, combines the expertise of OpenAI and CDP Venture Capital, through the newly established ‘Artificial Intelligence Fund’, led by head Vincenzo Di Nicola,<\/strong> which will make investments in start-ups in the fields of AI, cybersecurity and quantum technologies.<\/p>\n\n

The signing of the memorandum of understanding represents a concrete step following the recent meeting in New York between Prime Minister Giorgia Meloni and Sam Altman, CEO of OpenAI,<\/strong> which is part of a broader Italian government strategy to increase competitiveness in the AI and high-tech sectors.<\/p>\n\n

The agreement is structured along three main lines: support for early-stage AI start-ups where OpenAI will be able to invest directly and indirectly in start-ups <\/strong>developing AI-based products or services through CDP Venture Capital’s ‘Artificial Intelligence Fund’. In addition, OpenAI will collaborate with CDP Venture Capital to provide the most promising Italian start-ups with access to its advanced technologies, API credits and connections to US venture capitalists through OpenAI’s Startup Fund. In addition, technical expertise and mentorship will also be available to nurture AI innovation and help start-ups navigate the path from research to commercialisation. Educational Initiatives: In order to support AI research and development and to grow Italian AI talent, OpenAI and CDP Venture Capital will collaborate with a consortium of universities across Italy <\/strong>to develop educational initiatives aimed at increasing AI literacy and programmes to strengthen AI skills in different fields of applicability, in line with what has already been developed through OpenAI’s Residency Programme, designed to cultivate future local AI champions. Business collaborations: CDP Venture Capital and OpenAI will also work with companies to integrate AI technologies and promote technological advances in key sectors.<\/strong><\/p>\n\n

Brad Lightcap, COO of OpenAI says in a note: “Italy’s rich history of innovation makes it ideal for a competitive AI industry.<\/strong> We are delighted to partner with CDP Venture Capital to boost AI adoption through funding, mentorship and training programmes with top universities to help Italian businesses, citizens and society realise the benefits of AI.”<\/p>\n\n

Agostino Scornajenchi, Managing Director and General Manager of CDP Venture Capital adds: ‘Artificial intelligence represents a major growth opportunity for the Italian corporate world, a cross-cutting enabling technology that is transforming entire sectors by profoundly reshaping value chains and paving the way for new business models.<\/strong> The decision to start this collaboration with a major player such as OpenAI stems from the desire to operate in an ecosystem with an international scope, importing global best practices and promoting innovation on a large scale. This partnership represents a decisive step towards the integration of cutting-edge solutions, fostering a more dynamic, competitive and forward-looking approach for our companies.” <\/p>\n\n

Artificial Intelligence is one of the pillars of CDP Venture Capital’s 2024-2028 Business Plan<\/a>, which envisages, thanks to the support of the Italian Ministry of Enterprise and Made in Italy, total investments of \u20ac1 billion, which will be channelled through the operation of the \u20ac500 million “Artificial Intelligence Fund”, and through a further \u20ac500 million in co-investments in applications with AI as their object, together with CDP Venture Capital’s other strategies for industry manufacturing, life sciences, energy transition, space, infrastructure mobility and agrifood.<\/p>\n\n

In a separate note circulated almost simultaneously, Microsoft, the main shareholder of OpenAI, announces that it has embarked on a EUR 4.3 billion investment programme over the next two years in Italy <\/strong>to expand its hyperscale cloud and artificial intelligence data centre infrastructure, as well as a training plan to grow the digital skills<\/strong> of more than one million Italians by the end of 2025<\/strong>. (photo by Igor Omilaev<\/a> on Unsplash<\/a><\/em>)<\/p>\n","protected":false},"excerpt":{"rendered":"

The memorandum of understanding provides for the development of initiatives to support start-ups, training and commercial actions<\/p>\n","protected":false},"author":125,"featured_media":142694,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1142],"tags":[1324,1143,1137,1136],"companies":[],"journalist":[1518],"class_list":["post-142721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-vc-voice","tag-artificial-intelligence-en","tag-investments","tag-italy-en","tag-startup-en-2","journalist-editorial-staff-en"],"featured_sizes_urls":{"thumbnail":{"src":"https:\/\/www.startupbusiness.it\/wp-content\/uploads\/2024\/10\/igor-omilaev-9wjtGixx6Ls-unsplash.webp","width":150,"height":113,"crop":false,"srcset":false,"alt":"intelligenza artificiale 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Co-fondatore di Designtech, l\u2019hub di innovazione che avvicina il mondo del design con quello della tecnologia. Advisor di Austrian Business Agency, Emil Banca, Fondazione Symbola, Fondazione Quadrans. Partecipa regolarmente a incontri, convegni, conferenze dedicate all\u2019ecosistema dell\u2019innovazione. E\u2019 stato co-organizzatore degli Italian Innovation Day and Series che si sono svolti dal dal 2016 al 2020 nelle citt\u00e0 di Tokyo in Giappone, Melbourne, Adelaide, Perth, Canberra in Australia e Singapore e co-organizzatore dell\u2019Italy India Innovation Day di AIICP 2021 e 2022. Ha curato il volume \u2018L\u2019innovazione che non ti aspetti. 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Co-fondatore di Designtech, l\u2019hub di innovazione che avvicina il mondo del design con quello della tecnologia. Advisor di Austrian Business Agency, Emil Banca, Fondazione Symbola, Fondazione Quadrans. Partecipa regolarmente a incontri, convegni, conferenze dedicate all\u2019ecosistema dell\u2019innovazione. E\u2019 stato co-organizzatore degli Italian Innovation Day and Series che si sono svolti dal dal 2016 al 2020 nelle citt\u00e0 di Tokyo in Giappone, Melbourne, Adelaide, Perth, Canberra in Australia e Singapore e co-organizzatore dell\u2019Italy India Innovation Day di AIICP 2021 e 2022. Ha curato il volume \u2018L\u2019innovazione che non ti aspetti. Contesti e visioni per l\u2019impresa\u2019 , l\u2019edizione italiana di \u2018La startup digitale, guida pratica step by step\u2019 e ha scritto la prefazione all\u2019edizione italiana de \u2018La quarta era\u2019 di Byron Reese, ed \u00e8 co-autore di \u2018Cosa e Dove: strategie digitali di ricerca del lavoro\u2019, tutti editi da FrancoAngeli. In passato \u00e8 stato curatore di StartupDigest Italy, coordinatore scientifico del Forum per la Ricerca della Provincia Autonoma di Trento, board member di TechChill Milano advisor di di ScaleIT , ha collaborato con Il Sole 24 Ore \u00e8 stato direttore di Innov\u2019azione, bimestrale edito da Apsti, ha collaborato con Corriere Innovazione ed \u00e8 stato presidente del comitato di selezione del Premio Marzotto e advisor di Cetif-Universit\u00e0 Cattolica Milano.","sameAs":["https:\/\/www.abirascid.com\/","https:\/\/www.linkedin.com\/in\/emilabirascid","https:\/\/x.com\/emilabirascid"],"url":"https:\/\/www.startupbusiness.it\/en\/author\/emil-abirascid\/"}]}},"author_name":"Emil Abirascid","categories_names":["Vc Voice"],"_links":{"self":[{"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/posts\/142721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/users\/125"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/comments?post=142721"}],"version-history":[{"count":1,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/posts\/142721\/revisions"}],"predecessor-version":[{"id":142722,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/posts\/142721\/revisions\/142722"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/media\/142694"}],"wp:attachment":[{"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/media?parent=142721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/categories?post=142721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/tags?post=142721"},{"taxonomy":"companies","embeddable":true,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/companies?post=142721"},{"taxonomy":"journalist","embeddable":true,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/journalist?post=142721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}