EU aims for seven AI gigafactories with €10bn plan in race with US, China

EU aims for seven AI gigafactories with €10 billion plan in race with U.S., China

EU launches seven AI gigafactories with €10B public funding, targeting €20B private investment for 18-month deployment to compete with U.S. and China. Industrial-scale compute access becomes strategic necessity for European AI; major revenue opportunity for cloud and semiconductor vendors.