EU to spend €10bn on seven AI "gigafactories"

The European Commission announced plans to spend €10 billion ($11.5 billion) on seven AI "gigafactories" across Europe, inviting private companies to bid to build them, with an expected additional €20 billion in private investment across two lots.

supercomputer /tag/supercomputer/ The EU has put €10 billion $11.5 billion behind a project to create seven AI “gigafactories” in Europe, and it’s inviting private companies to bid for a chance to build them. The European Commission said https://ec.europa.eu/commission/presscorner/detail/en/ip 26 1708?ref=thestack.technology it expects another €20 billion in private investment across two lots, with the first covering AI hubs with at least as many advanced AI processors as the EU’s current most powerful site. Get the full story: Subscribe for free Join peers managing over $100 billion in annual IT spend and subscribe to unlock full access to The Stack’s analysis and events. Subscribe now https://www.thestack.technology/membership/ Already a member? Sign in https://www.thestack.technology/signin/