The Ministry of Digital Governance and Artificial Intelligence and the Sovereign Wealth Fund of Greece have jointly announced the formation of a seven-member Board of Directors for the Pharos AI Factory, a subsidiary company touted as the business arm of Greece's national Artificial Intelligence initiative. This initiative will utilize the new national supercomputer, 'Daedalus', as its computational backbone. The Sovereign Wealth Fund holds a 70% stake in the subsidiary, while the Ministry of Digital Governance and AI holds the remaining 30%.

The board members chosen for the Pharos AI Factory are individuals with extensive international and domestic experience in technology, artificial intelligence, and entrepreneurship. Their expertise is expected to guide the operational and strategic direction of the company. The establishment of this board signals a significant step towards enhancing Greece’s capabilities in AI technology, an area that has become increasingly important for national development and competitiveness in the global market.

With the Pharos AI Factory set to become a key player in the field of artificial intelligence, its operations could lead to advancements in various sectors, including healthcare, public administration, and education. As Greece embarks on this technological journey, it will be essential for the new leadership to align their objectives with national economic goals and to foster collaboration with both local and international tech communities to maximize impact and innovation in AI-related fields.