EU to Build AI Gigafactories in €20bn Push to Catch up With US and China
EU plans €20bn to build AI gigafactories with supercomputers to enhance competitiveness against the US and China. Aiming for 3-5 sites costing €3-5bn each to develop advanced AI technologies, the initiative raises concerns about energy consumption and regulatory changes to the AI Act, focusing on easing business burdens while ensuring consumer protection.







