EU Allocates €10 Billion for Up to 7 AI Superfactories

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AI + crypto news: On July 31, the European Commission launched a bidding process for AI superfactories, aiming to establish up to seven industry-led AI gigafactories. Public funding could reach €100 billion, with private investment expected to reach €200 billion. Projects are divided into two categories: up to four medium-sized and three large-scale. Bids are due by November 12, with results expected in early 2027. Operations must commence within 18 months of signing. On-chain data shows increasing interest in AI-driven infrastructure.

ChainThink reports that on July 31, according to an announcement from the European Commission, the EU has launched a tender for AI Gigafactories, planning to build up to seven industry-led AI Gigafactories.

The European Union and its member states will provide public funding of up to €10 billion, expected to leverage at least €20 billion in private investment, for a total scale exceeding €30 billion. The program is divided into two categories of projects: up to four medium-scale projects and up to three larger-scale projects.

The bid submission deadline is November 12, with results expected to be announced in early 2027; the project must be operational within 18 months after contract signing.

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