Factorial has announced the AI Acceleration Fund, a 10-million-euro initiative aimed at promoting the digitalisation of business operations and the adoption of artificial intelligence by European companies. The measure marks the tenth anniversary of the Spanish-founded tech firm and seeks to reduce financial and technical barriers to digital transformation. The fund addresses evidence that only a minority of companies extract significant value from AI, highlights the tech firm, which officially became a 'unicorn' in October 2022. Studies cited by Factorial indicate that generative AI can create massive productivity gains, but only about 5% of companies capture this value at scale, while 60% see no material benefit despite investments. The company warns that the lack of an AI strategy could leave organisations at a competitive disadvantage. The ten million euros are divided into two equal components: five million in direct cost reductions applied at the time of contracting, and five million in credits for AI tools within the Factorial platform itself. The design seeks to alleviate initial implementation costs while supporting the expansion of AI capabilities over time. The fund is aimed at companies with 20 to 1,000 employees that sign an annual contract for Factorial's Personal or PRO packages for the first time, and is available in all European markets until the funds are exhausted. Applications are processed automatically during the proposal phase for eligible companies, the platform, which centralises and optimises HR processes for SMEs, stated in a press release. The initiative focuses on applications in operational areas with direct economic impact, such as human resources, finance, IT, payroll, productivity analysis, and strategic planning. In addition to financial support, companies can access training, events, and guidance materials to accelerate transformation, Factorial assures. 'The next decade of business performance in Europe will be defined by how effectively companies integrate AI into their operations,' says Jordi Romero, CEO of Factorial, in the same document. 'With this ten-million-euro investment, we are removing barriers and enabling ambitious companies to accelerate their transformation with confidence.'