East African Community launches regional AI fund

r/artificial
Generative AI

East African Community (EAC) Partner States have agreed to establish a Regional AI Technologies Fund aimed at scaling research and innovation into commercially viable, bankable solutions that can drive economic transformation across the region. The Fund is expected to mobilize blended finance and attract private sector investment, creating a sustainable pipeline of funding for locally developed AI solutions. A central pillar of the agreement is a commitment to AI sovereignty.