NATO targets AI, robots and space tech in $1.1 billion fund

A consortium of NATO allies has confirmed the first tranche of companies awarded funding as part of the group’s one billion euro ($1.1 billion) innovation fund.

The alliance unveiled the fund in the summer of 2022, months after the Russian invasion of Ukraine, promising to invest in technologies that would enhance its defences. The fund is backed by 24 of NATO's 32 member states, including Finland and Sweden, which joined the alliance earlier this year.

On Tuesday, the NATO Innovation Fund (NIF) confirmed it had directly invested in four European tech companies, which it said would help address challenges in defence, security, and resilience.
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 A consortium of NATO allies has established a $1.1 billion innovation fund to invest in technologies related to artificial intelligence (AI), robots, and space tech. The fund aims to address challenges in defense, security, and resilience