EU opens bidding for seven AI gigafactories in €30 billion push to catch up

The European Union has opened bidding for seven AI gigafactories as part of a €30 billion initiative to boost AI computing capacity. The project aims to mobilize €10 billion in public funds and €20 billion in private investment.

• EU pools up to €30 billion for AI gigafactories while US tech giants casually spend 20 times more
• The E.U. is opening bids for seven massive AI computing hubs in a €30 billion push
• Europe opens bidding for seven AI ‘gigafactories’ in a €30bn bid to catch up