EU plans 10-billion-euro push for AI gigafactories

The European Union is offering 10 billion euros in funding for firms to erect seven AI gigafactories, setting up a major push to expand the bloc’s AI capacity. The plan is framed as part of an effort to close a technology gap with the US and China.

The funding targets large-scale AI facilities and places private firms at the center of the buildout. The initiative underscores the EU’s attempt to compete more directly in advanced technology development as global rivals continue to race ahead in AI infrastructure.