EU unveils $11.4 billion plan to build seven AI gigafactories

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The European Commission has issued a tender for the construction of up to seven AI Gigafactories across the EU, offering up to €10‑11.5 billion in public funding. The initiative aims to boost European AI capacity and is expected to attract roughly €23 billion in private investment.
The European Union is offering 10 billion euros ($11.4 billion) in funding for firms to erect seven AI gigafactories as it seeks to close the AI gap with U.S. and China, the 27-nat...
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