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The Independent UK

National

Sam McNeil

EU lays out $11.4 billion for 7 AI gigafactories as it aims to catch up with US and China

European Union China United States Europe Commission

AI-Gigafactories - (Copyright 2025 The Associated Press. All rights reserved)

The European Union is offering 10 billion euros ($11.4 billion) in funding for firms to erect seven AI gigafactories as it seeks to close the AI gap with U.S. and China, the 27-nation bloc's executive said on Thursday.

The European Commission said it would like the public financing to draw an additional 20 billion euros ($22.8 billion) in private investment.

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