At the AI Action Summit in Paris, the European Commission launched the InvestAI plan, mobilizing €200 billion to foster open AI development and establish four AI gigafactories in the EU. These facilities will be equipped with advanced technology to train complex AI models, providing essential computing resources to companies of all sizes, particularly for critical applications. The initiative is backed by existing funding programs like Digital Europe and Horizon Europe, highlighting the EU's commitment to leading in artificial intelligence innovation.
"The mobilization of €200 billion for our InvestAI plan is a significant stride towards ensuring Europe leads in the collaborative development of artificial intelligence."
"We are opening a new EU fund of €20 billion specifically to create AI gigafactories capable of handling the most complex models."
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