EU lays out $11.4 billion for 7 AI gigafactories as it aims to catch up with US and China
BRUSSELS (AP) — The European Union is offering 10 billion euros ($11. 4 billion) in funding for firms to erect seven AI gigafactories as it seeks to close the AI gap with U. S. and China, the 27-nation bloc's executive said on Thursday. The European Commission said it would like the public financing to draw an additional 20 billion euros ($22. 8 billion) in private investment. “Access to the raw scale of computing power within AI gigafactories is a strategic necessity for Europe as AI said...
Read MoreThu, 30 Jul 2026
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