"The EU aims to become a global leader in AI by investing â¬10 billion in AI Factories and â¬20 billion for AI Gigafactories by 2027."
"The forthcoming Cloud and AI Development Act will spur major investments in cloud capacity, targeting a tripling of the EU's data centers in the next seven years."
The European Commission has unveiled the AI Continent Action Plan to guide Europe's AI development, aiming for global leadership through significant investments. A â¬10 billion initiative will bolster AI Factories by acquiring nine AI-optimized supercomputers, with 13 selected sites becoming operational by the end of 2025. Additionally, â¬20 billion is earmarked for establishing AI Gigafactories to train complex models. A forthcoming Cloud and AI Development Act will facilitate cloud capacity investment, aiming to triple data centers in 5-7 years, promoting innovation while upholding democratic values.
Read at Data Matters Privacy Blog
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