Lithuania is set to establish an artificial intelligence (AI) competence and technology centre, what it calls an “AI factory”, to drive the development of AI infrastructure in the country.
The Economy and Innovation Ministry said the government approved its proposal on Wednesday.
The project, worth 100 million euros, is expected to create up to 500 highly skilled jobs by early 2027, with the long-term return to the state projected to far exceed the initial investment.
“The AI factory is a strategic step toward creating an advanced and internationally competitive innovation ecosystem in Lithuania,” Economy Minister Lukas Savickas said in a press release.
“This centre will not only help accelerate the adoption of AI solutions in business and the public sector but also create hundreds of high value-added jobs,” he added.
Around half of the project’s funding is expected to come from the European Commission, with the remainder to be covered by the government (up to 50 million euros) and private sector investment.
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