LAST MONTH IN BRIEF

02/10 Italy’s CDP Venture Capital and OpenAI sign a memorandum of understanding to strengthen the development and adoption of AI technologies by Italian start-ups and enterprises

02/10 PM Meloni meets with the president of Microsoft, Brad Smith. Following the meeting, Microsoft announces a €4.8bn investment in AI infrastructure and cloud in Italy (see our Graph of the month)

04/10 The Ministry for Enterprises and Made in Italy and Italy’s public bank, Cassa Depositi e Prestiti, start a collaboration to promote the involvement of Italian industry in European IPCEI projects under the InvestEU programme

10/10 During the Industry G7, the Minister for Enterprises and Made in Italy launches the AI Hub for Sustainable Development, a project to support the development of a digital AI ecosystem in Africa, in collaboration with UNDP and within the Mattei Plan framework

15/10 The Council of Ministers approves a €30 billion 2025 budget law proposal (see Deep Dive 1), which will now need to be voted by Parliament before 31 December 2024

16/10 The Ministry for Enterprises and Made in Italy presents an “Industrial policy Made in Italy 2030” Green Book and opens a public consultation to draft a strategic industrial policy White Book

21/10 The Council of Ministers approves the first comprehensive Code of Incentives, a bill to rationalise and create coherence in the plethora of state and local incentives for companies (see Deep Dive 2)

21/10 The Council of Ministers approves changes to the Public Procurement Code, to simplify the bureaucratic procedures around public contracts

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