The European Commission has unveiled a €200 billion investment plan focused on developing artificial intelligence, which includes €20 billion for new 'AI gigafactories'. These factories will enable companies to train sophisticated AI models using cutting-edge technology, significantly increasing AI chip production. The InvestAI program represents an ambitious public-private partnership aimed at creating a robust AI infrastructure in Europe. This initiative intends to make AI resources more accessible, especially for smaller companies, amidst growing competition from the United States, which has earmarked $500 billion for its own AI infrastructure.
"Our approach still needs to be supercharged. This is why, together with our Member States and with our partners, we will mobilise unprecedented capital through InvestAI for European AI gigafactories."
"This unique public-private partnership, akin to a CERN for AI, will enable all our scientists and companies - not just the biggest - to develop the most advanced very large models needed to make Europe an AI continent."
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