🇪🇺 European Union will invest €10 billion ($11.5 billion) to build 7 AI gigafactories across Europe, aiming to compete with the U.S. and China in artificial intelligence. The EU also hopes to attract at least €20 billion from private investors. The new facilities will provide powerful AI chips, cloud systems, data centers, and high-speed networks to support AI development. Tech companies including AMD, Nvidia, and Qualcomm have already shown interest by signing agreements to support the project.
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