EU to spend €10bn on seven AI "gigafactories"

1 · Thestack · July 31, 2026, 1:51 p.m.
supercomputer eu AI Development Supercomputers European Union technology investment
Summary
The EU plans to allocate €10 billion to develop seven AI "gigafactories" that will match the scale of Europe’s largest supercomputer, aiming to bolster the region's capabilities in artificial intelligence.
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