EU Lays Out $11.4 Billion for 7 AI Gigafactories as It Aims to Catch up With US and China
BRUSSELS (AP) — 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…