EU opens applications for €10bn AI gigafactory scheme
Sifted
The European Commission opened applications for companies to build up to seven AI data centres across Europe, with €10bn in public funding and €20bn total investment expected. Four smaller facilities can receive up to €500m each for at least 75,000 AI chips, while three larger gigafactories can receive up to €1bn each for at least 100,000 chips, with construction expected to begin in early 2027. The initiative aims to reduce Europe's dependence on US and Asian AI infrastructure by establishing sovereign computing capacity within the bloc.
