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EU Plans $3.9 Billion Fund for Startups in ‘Valley of Death’

  • Final size of tech investment fund depends on budget talks
  • Fund will target ‘deep tech’ like artificial intelligence
IFA International Consumer Electronics Show
Photographer: Krisztian Bocsi/Bloomberg

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The European Union is planning a 3.5 billion-euro ($3.9 billion) fund that will invest in early stage technology in an effort to increase the pipeline of innovations that might someday take on giants in the U.S. and China.