The European Commission has announced a plan to build up to seven AI gigafactories across Europe, with a total funding allocation of up to €30 billion. The initiative aims to significantly boost the continent's AI computing capacity by providing infrastructure for training and running large AI models. The project is part of the EU's broader 'AI Continent' strategy, which seeks to position Europe as a global leader in artificial intelligence. Applications for the gigafactories are due by November 12, 2026, with construction of the first facilities expected to start in 2027. The Commission has also secured letters of intent with AMD, Nvidia, and Qualcomm to ensure access to necessary hardware. The initiative involves eighteen member states, including Germany and France, and is expected to attract at least €20 billion in private investment. The total funding package, combining EU and national contributions, is projected to be around €30 billion. Source: thedecoder

The European Commission has opened bidding for up to seven AI gigafactories, with a total funding allocation of up to €30 billion. This figure is significantly smaller than the over $600 billion that U.S. tech giants plan to invest in data centers this year. The EU's investment is expected to be a fraction of the U.S. spending, highlighting the disparity in commitments to AI infrastructure. The Commission has emphasized that the project is part of a larger strategy to enhance Europe's AI capabilities and reduce reliance on foreign technology. The initiative is designed to support startups, companies, research institutions, and government agencies by providing them with the necessary infrastructure. The Commission has also signed letters of intent with major tech firms to secure access to critical hardware. Source: thedecoder

The European Commission has launched a bid for up to seven AI gigafactories, with a total funding allocation of up to €30 billion. The initiative involves eighteen member states, including Germany and France, and is expected to attract at least €20 billion in private investment. Applications for the gigafactories are due by November 12, 2026, with construction of the first facilities set to begin in 2027. The Commission has also secured letters of intent with AMD, Nvidia, and Qualcomm to ensure access to necessary hardware. The project is part of the EU's 'AI Continent' strategy, which aims to expand Europe's AI computing capacity. Source: thedecoder