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EU Lays Out $11.4 Billion For 7 AI Gigafactories as it Aims to Catch Up With U.S. and China

The European Commission announced on Thursday an offer of 10 billion euros ($11.4 billion) in public funding for firms to build seven AI gigafactories, aiming to close the AI gap with the U.S. and China. The Commission expects the public financing to attract an additional 20 billion euros ($22.8 billion) in private investment, with the initiative adhering to data protection and ethical standards.

read1 min views2 publishedJul 30, 2026
EU Lays Out $11.4 Billion For 7 AI Gigafactories as it Aims to Catch Up With U.S. and China
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Data Center The EU initiative includes adherence to data protection and ethical standards.

The EU initiative includes adherence to data protection and ethical standards.

BRUSSELS, July 30, 2026 (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.

The author is the chief economist of the Federal Communications Commission.

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