EU to Back Seven AI 'Gigafactories' with €10 Billion, Seeks Private Capital to Narrow Tech Gap
The European Commission has unveiled plans to finance seven AI gigafactories across the European Union with a budget of €10 billion, up from an initial five, and aims to attract at least €20 billion in private investment. The facilities will integrate advanced AI processors, software, cloud infrastructure, high-speed connectivity and data centres, …