EIB to invest €20 million to promote employment in Portugal

During a web summit, the European Investment Bank (EIB) announced its plan to invest 20 million euro in the Portuguese software company Bizay to finance the implementation of its research and development (R&D) programme and product development roadmap in Portugal, the rest of Europe, and Latin America. The fund aims to create more than 120 highly skilled jobs in fields related to technology and business development over the next 4 years. It will further help Bizay digitalise the supply chain to make it more cost and time efficient through artificial intelligence (AI) technologies; i.e., state-of-the-art machine learning algorithms for automating online marketing bidding processes, which will consequently enhance overall marketing efficiency.