Data Center

EU Lays Out $11.4 Billion For 7 AI Gigafactories as it Aims to Catch Up With U.S. and China

The EU initiative includes adherence to data protection and ethical standards.

Associated Press

Associated Press

— 3 min read
EU Lays Out $11.4 Billion For 7 AI Gigafactories as it Aims to Catch Up With U.S. and China
Photo by Taylor Vick ob Unsplash

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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