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(NYSE American: PLG) (TSX: PTM) Working to Capitalize on 2024 Trends</a> </div> <div> <a href="/ai-alliance-in-europe-announces-llm-to-rival-deepseek-and-silicon-valley/">AI Alliance in Europe Announces LLM to Rival DeepSeek and Silicon Valley</a> </div> <div> <a href="/commodities-exhibit-mixed-market-signals-as-2025-gets-underway/">Commodities Exhibit Mixed Market Signals as 2025 Gets Underway</a> </div> </div> </div> </div> </div> <div class="breadcrumb"><div class="container"><span><span><a href="https://www.miningnewswire.com/">Home</a></span> / <span><a href="https://www.miningnewswire.com/newsroom/newsroom-articles/">NewsRoom Articles</a></span> / <span class="breadcrumb_last" aria-current="page">AI Alliance in Europe Announces LLM to Rival DeepSeek and Silicon Valley</span></span></div></div>  <div class="content"> <div class="container"> <article id="post-41169" class="post-41169 post type-post status-publish format-standard hentry category-miningstocks"> <header class="entry-header"> <h1 class="entry-title">AI Alliance in Europe Announces LLM to Rival DeepSeek and Silicon Valley</h1> <p class="article-date">February 3, 2025</p> </header> <div class="ad-leader"></div> <div class="single-article-left"> <div class="entry-content"> <p>As the AI dominance of Silicon Valley comes under attack from upstarts like DeepSeek, an alliance in Europe is planning to up the ante with its ambition to come up with <a href="https://thenextweb.com/news/european-ai-alliance-openeurollm-challenges-us-china" target="_blank" rel="noreferrer noopener">European-grown alternatives</a> that are as good as or even better than the existing artificial intelligence options.</p> <p>The project, dubbed OpenEuroLLM, aims to develop next-gen open source Large Language Models to enable the continent to have leaders in the digital age and to make public services across the continent have access to cutting-edge tools that are homegrown. The alliance will create <a href="https://aws.amazon.com/what-is/foundation-models/" target="_blank" rel="noreferrer noopener">foundation models</a> which support the languages on the continent and will be accessed by public service providers, commercial entities, industrial actors and academia.</p> <p>More than 20 leading research companies, institutions and HPC (high performance computing) centers on the continent have signed up to this initiative. The project is being led by Jan Hajic, Charles University’s world-famous computational linguist. He will be assisted by Peter Sarlin, who co-founded Silo AI, which was the subject of a <a href="https://thenextweb.com/news/us-chipmaker-amd-buys-silo-ai" target="_blank" rel="noreferrer noopener">$665m acquisition</a> by U.S.-based chipmaker AMD in 2024. Silo AI has the distinction of being the largest private artificial intelligence lab in Europe.</p> <p>The project has the support of the European Commission and could well be the largest-ever such undertaking by the EU. Salin revealed that OpenEuroLLM is unique because it incorporates actors from across the continent, which is fertile ground for coming up with really groundbreaking innovations that can easily be scaled. He says that this approach is better than having different scattered actors working on different small projects around the continent. This concentrated effort, he adds, can build open AI models for the continent in ways which will facilitate innovation at scale.</p> <p>Salin said that OpenEuro LLM currently has a $53.2 million budget. It also has commitments of computational power whose monetary value exceeds the cash budget of the alliance.</p> <p>Funding for the alliance was secured from an EU scheme designed to support investments in technologies deemed to be of strategic importance to the continent. The European Commission has also provided funding. The EU is particularly interested in this project because it aligns with the EU’s objective of fortifying the digital sovereignty of the continent.</p> <p>The alliance has opted for an open model of AI development so that the data, software and models can be accessed by any interested party that wishes to evaluate it. This approach also makes it easier to tailor the solutions to the needs of specific industries in ways that preserve the cultural and linguistic diversity of the continent.</p> <p>More such projects are bound to be announced as nationalism in the tech field grows around the world. The need for metals like copper, gold and silver will consequently increase as AI infrastructure is established to actualize the ambitions of different countries and blocs. Companies like <a href="https://ainewswire.com/ai-companies/mcewen-mining-inc" target="_blank" rel="noreferrer noopener">McEwen Mining Inc. (NYSE: MUX) (TSX: MUX)</a> producing these metals are bound to benefit from ever-rising demand.</p> <p><strong>NOTE TO INVESTORS:</strong> The latest news and updates relating to MUX are available in the company’s newsroom at <a href="http://ibn.fm/MUX" target="_blank" rel="noreferrer noopener">http://ibn.fm/MUX</a></p> <p><strong>About MiningNewsWire</strong></p> <p><a href="https://www.miningnewswire.com/" target="_blank" rel="noopener">MiningNewsWire</a> (“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. 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