Economic TimesLean R·
European Union aims for seven AI gigafactories with €10 billion plan in race with US, China
The European Union will fund seven artificial intelligence gigafactories across the bloc. This initiative aims to close the technology gap with the United States and China. The Commission plans to attract at least twenty billion euros in private investments. These facilities will combine advanced AI processors, software, and cloud technology. Successful bidders will be announced in early 2027 for operational facilities.
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