Billions of Euros

A project to simulate the human brain and one to develop ultrathin graphene are to be awarded about €1 billion, or approximately $1.35 billion, each in funding from the European Commission, The New York Times reports. The initiative aims to energize innovation in the European Union. More than 20 projects were considered over the course of two years; a panel of about 25 scientist and industrialists chose the final winners.

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