NALED: Serbia to invest 100 mln euros in AI development by 2026

BELGRADE - Serbia will invest 100 mln euros in development of artificial intelligence (AI) by 2026, Serbia's National Alliance for Local Economic Development (NALED) announced on Thursday.

In a statement, it said a new AI development strategy until 2030 was due to provide a strategic framework for the undertaking.

The strategy will be one of the priorities of the new Serbian government, along with an accompanying action plan, and its objective is to make Serbia a regional leader in this field, NALED said.

Stefan Badza, special projects team leader at the office of the Serbian PM, said the work on the new strategy focused on ensuring more flexible regulations and facilities to companies willing to implement innovation.

He noted that ethics guidelines for AI development had been adopted in 2023 in collaboration with NALED.