EU pools up to €30 billion for AI gigafactories while US tech giants casually spend 20 times more
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The European Commission is seeking to establish up to seven AI gigafactories in Europe with nearly €30 billion in funding. In contrast, major U.S. tech companies are expected to invest more than $600 billion in computing infrastructure this year, highlighting a significant disparity in spending.
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The European Commission wants to build up to seven AI gigafactories across Europe, backed by around 30 billion euros in public and private funding. For context, the major U.S. tech companies alone plan to spend more than $600 billion on computing infrastructure this year. The article EU pools up to €30 billion for AI gigafactories while US tech giants casually spend 20 times more appeared first on The Decoder.
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