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

> Source: <https://broadbandbreakfast.com/eu-lays-out-11-4-billion-for-7-ai-gigafactories-as-it-aims-to-catch-up-with-u-s-and-china/>
> Published: 2026-07-30 15:35:13+00:00

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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 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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