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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.
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.
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