US private AI investment hit $109.1B in 2024, claiming 81% of global funding. Europe's €10B gigafactory plan faces long odds of closing the gap.

The EU is deploying €200 billion through InvestAI, building AI Gigafactories, and offering subsidies to help European AI companies compete with

US private AI investment hit $109.1B in 2024, claiming 81% of global funding. Europe's €10B gigafactory plan faces long odds of closing the gap.