EU pools up to €30 billion for AI gigafactories while US tech giants casually spend 20 times more

The European Commission plans to build up to seven AI gigafactories across Europe with around €30 billion in public and private funding, while U.S. tech giants are expected to spend more than $600 billion on computing infrastructure this year, according to The Decoder.

The European Commission wants to build up to seven AI gigafactories across Europe, backed by around 30 billion euros in public and private funding. For context, the major U.S. tech companies alone plan to spend more than $600 billion on computing infrastructure this year. The article EU pools up to €30 billion for AI gigafactories while US tech giants casually spend 20 times more https://the-decoder.com/eu-pools-up-to-e30-billion-for-ai-gigafactories-while-us-tech-giants-casually-spend-20-times-more/ appeared first on The Decoder https://the-decoder.com .