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# EU Lays Out $11.4 Billion For 7 AI Gigafactories as it Aims to Catch Up With U.S. and China
- URL: https://broadbandbreakfast.com/eu-lays-out-11-4-billion-for-7-ai-gigafactories-as-it-aims-to-catch-up-with-u-s-and-china/
- Published: 2026-07-30T15:35:13.000Z
- Updated: 2026-09-24T09:49:48.000Z
- Description: The EU initiative includes adherence to data protection and ethical standards.
- Author: Associated Press
- Tags: Data Center, AI, #with-siderail, AP, EU, China, Henna Virkkunen, Donald Trump, Mistral, Emmanuel Macron, Digital Services Act, digital market act

BRUSSELS, July 30, 2026 (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 20 billion euros ($22.8 billion) in private investment.

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