Belgrade Post

Чуј одсад наше гласе
Monday, Jul 07, 2025

0:00
0:00

EU Allocates €200 Billion for AI Investments, Initiates €20 Billion Fund for Gigafactories

At the Paris AI Action Summit, European Commission President von der Leyen introduces an extensive investment plan for AI.
During the AI Action Summit in Paris on Tuesday, European Commission President Ursula von der Leyen declared that Europe will allocate two hundred billion euros for artificial intelligence investments.

Out of this total, twenty billion euros will be designated specifically for AI gigafactories intended to furnish companies with the computational resources necessary for training advanced AI models through collaborative efforts.

The initiative, branded as InvestAI, aims to foster the establishment of public-private partnerships and will be financed through existing EU programs that incorporate digital elements, such as the Digital Europe Programme, Horizon Europe, and InvestEU.

Member states of the EU are also encouraged to contribute through designated cohesion funds.

According to the Commission, this new funding will enable European firms, including smaller businesses, to access substantial computing capabilities, with the initial proposal announcing seven AI gigafactories in December and plans to unveil an additional five in the near future.

These facilities are anticipated to accommodate approximately one hundred thousand state-of-the-art AI chips, nearly quadrupling the capacity of current AI factories.

This announcement comes after French President Emmanuel Macron's recent unveiling of a one hundred nine billion euro investment initiative for AI projects within France.

In a related development last month, newly inaugurated U.S. President Donald Trump announced a partnership with leading technology firms to invest billions in AI infrastructure in the United States, including an immediate commitment of one hundred billion dollars and potential increases to five hundred billion dollars over four years.

The InvestAI initiative is part of the EU's wider strategy outlined in its Competitiveness Compass, which seeks to enhance growth through strategic technologies.

The Commission highlighted that this investment aims to support a uniquely European approach to AI characterized by transparency, collaboration, and the cultivation of high-quality talent.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
AI Raises Alarms Over Long-Term Job Security
Poland Implements Border Checks Amid Growing Migration Tensions
Amazon Reaches Milestone with Deployment of One Millionth Robot
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Budapest Pride Parade Draws 200,000 Participants Amid Government Ban
Xiaomi's YU7 SUV Launch Garners Record Pre-Orders Amid Market Challenges
Jeff Bezos and Lauren Sanchez's Lavish Wedding in Venice
Russia Launches Largest Air Assault on Ukraine Since Invasion
Massive Anti-Government Protests Erupt in Belgrade
UK and EU Reach Agreement on Gibraltar's Schengen Integration
Israeli Finance Minister Imposes Banking Penalties on Palestinians
U.S. Inflation Rises to 2.4% in May Amid Trade Tensions
Trump's Policies Prompt Decline in Chinese Student Enrollment in U.S.
Global Oceans Near Record Temperatures as CO₂ Levels Climb
Trump Announces U.S.-China Trade Deal Covering Rare Earths
Smuggled U.S. Fuel Funds Mexican Cartels Amid Crackdown
Italian Parents Seek Therapy Amid Lengthy School Holidays
Europe Prepares for Historic Lunar Rover Landing
Bezos's Lavish Venice Wedding Sparks Local Protests
Dutch Government Collapses Amid Migration Policy Dispute
Germany Moves to Expedite Migrant Deportations
US Urges UK to Raise Defence Spending to 5% of GDP
UK Commits to 3.5% GDP Defence Spending Under NATO Pressure
British Fishing Vessel Seized by France Fined €30,000
Man Group Mandates Full-Time Office Return for Quantitative Analysts
JPMorgan Warns Analysts Against Accepting Future-Dated Job Offers
Builder.ai Faces Legal Scrutiny Amid Financial Misreporting Allegations
Japan Grapples with Rice Shortage Amid Soaring Prices
Goldman Sachs Reduces Risk Exposure Amid Market Volatility
HSBC Chairman Mark Tucker to Return to AIA as Non-Executive Chair
Israel Confirms Arming Gaza Clan to Counter Hamas Influence
Judge Blocks Trump's Ban on International Students at Harvard
Trump’s China Strategy Remains a Geopolitical Puzzle
Eurozone Inflation Falls Below ECB Target to 1.9%
Call for a New Chapter in Globalisation Emerges
Blackstone and Rivals Diverge on Private Equity Strategy
Russian Drone and Missile Strikes Kill 13 in Ukraine
High-Profile Incidents and Political Developments Dominate Global News
Netanyahu Accuses Western Leaders of 'Emboldening Hamas'
Leaked Secret Report: How the Muslim Brotherhood Is Expanding in France—With Qatari Funding
A Chinese company made solar tiles that look way nicer than regular panels!
Article 17 May, 18:54
A Pakistani imam in Italy gave a sermon stating that every Muslim should fight the infidels or face ‘catastrophic consequences’.
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Poland Tightens Immigration Policy with New Plan to Suspend Asylum Law
Quantum Computing Threatens Bitcoin Security
New Details Emerge on Syrian Attacker's Motives in German Festival Stabbing
Arsenal Stages Comeback to Draw 2-2 Against Liverpool in Premier League Clash
×