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Sharjah24
Brussels allocates 30B for AI plants
The European Commission has launched a plan worth over 30 billion euros to establish seven giant artificial intelligence factories within the European Union countries. The goal is to develop advanced technology models and provide the necessary infrastructure. The program aims to attract around 20 billion euros in private investments, with European funding of up to 500 million euros per factory. Additionally, memoranda of understanding have been signed with American tech companies such as AMD, Nvidia, and Qualcomm to facilitate the supply of components and high-performance computing devices. Construction of the factories is expected to begin in 2027 after the evaluation and allocation process is completed.
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