EU to build AI gigafactories in €20bn push to catch up with US and China

The European Union has unveiled a €20bn plan to establish new sites with powerful supercomputers in Europe for advancing artificial intelligence (AI) development, potentially amending existing AI regulations. The initiative aims to position Europe as a leader in AI innovation, with European Commission vice-president Henna Virkkunen emphasizing the importance of AI for competitiveness and technological sovereignty in a global context. The strategy underscores the ongoing global competition for AI dominance and the significance of AI advancements for Europe’s future.

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