EU Launches €200 Billion AI Investment Plan to Rival US
2025-02-12
The European Commission announced a €200 billion investment in AI, with €20 billion allocated to AI gigafactories for collaborative development of complex AI models. This ambitious plan aims to compete with massive US investments like OpenAI's $500 billion initiative. The gigafactories, boasting 100,000 next-generation AI chips each, will provide crucial computing power for companies of all sizes, fostering the growth of trustworthy AI. Funding will leverage existing EU programs and encourage member state contributions, creating the world's largest public-private partnership for AI development.
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