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“This large AI infrastructure is needed to allow open, collaborative development of the most complex AI models and to make Europe an AI continent,” the European Commission said
The European Commission has launched InvestAI, a €200 billion initiative aimed at accelerating AI investment and innovation across Europe. Central to the plan is a €20 billion investment in AI gigafactories, designed to provide the computing power needed for AI development.
The InvestAI fund will support the creation of four AI gigafactories across Europe. These factories will focus on training some of the most complex AI models, which require powerful computing systems. Each gigafactory will feature 100,000 advanced AI chips, four times more than the AI factories currently being built.
“AI will improve our healthcare, spur our research and innovation and boost our competitiveness. We want AI to be a force for good and for growth. We are doing this through our own European approach – based on openness, cooperation and excellent talent,” said EC President Ursula von der Leyen in a statement.
“But our approach still needs to be supercharged. This is why, together with our Member States and with our partners, we will mobilise unprecedented capital through InvestAI for European AI gigafactories,” she continued.
These gigafactories will be the largest public-private partnership in the world dedicated to AI. They will help ensure that even smaller companies have access to the high computing power needed to develop the next generation of AI technologies.
The initiative will be structured with a layered funding model, offering varying levels of risk and return. The European Commission will reduce the investment risks for partners by using existing funding from programs such as Digital Europe, Horizon Europe, and InvestEU. Member States will also contribute by using funds from their own programs, while the investment mix will include grants and equity to fuel AI innovation.
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