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EU offers 10 billion euros for seven AI gigafactories to cut US-China gap

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The European Union is offering 10 billion euros in public funding for companies to build seven AI gigafactories, as it tries to narrow the gap with the United States and China in artificial intelligence. The European Commission said on Thursday it wants the funding to help attract another 20 billion euros in private investment.The planned facilities are part of Brussels' wider push for what it calls tech sovereignty, amid concerns in Europe about relying on foreign technology providers. The Commission said companies can now bid for contracts to build the gigafactories, which are expected to have at least 100,000 cutting-edge…

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