Factorial launches a €10M fund to accelerate AI adoption in European SMEs

AI Briefing

• – Factorial launches €10M fund to boost AI adoption in European SMEs, aims to lower barrier to entry for AI adoption by providing cost reductions and AI credits, and offering training and development support.
• – The fund is allocated into two tranches: €5M for direct cost reductions and €5M for AI credits within the Factorial platform, with applications open until April 30.
• – The program aims to facilitate companies' transition to real-world deployments of automation and data usage in areas such as human resources, finance, technology, and operations throughout the entire employee lifecycle.