EU to build its own AI gigafactories/ Aims to generate over 30 billion euros in public and private funding

The European Commission has launched a call for proposals aimed at generating over €30 billion in public and private financing for the construction of seven so-called Artificial Intelligence gigafactories to strengthen the European Union's independence in this field. €10 billion will be made available by the EU and member states, while the remaining €20 billion is expected to be provided by private investors.
The funds will be raised and distributed by the European High Performance Computing Joint Undertaking (EuroHPC JU), which was created in 2020 to develop "a world-class supercomputing ecosystem by pooling the resources of the European Union, European countries and private partners".
The Commission stated that this initiative will "expand Europe's capacities for Artificial Intelligence and provide access to infrastructure to startups, scale-ups, small and medium-sized enterprises, industry, universities and public authorities".
The European Union currently has 19 data centers, spread from Spain to Finland. However, the EU remains highly dependent on foreign actors for its technology, which makes it and its member states highly vulnerable to the decisions and interests of external powers.
US President Donald Trump has made clear his intention to use the economic weight of the United States to influence how the EU and its member states set rules for American technology companies. China, on the other hand, has restricted the supply of minerals that are vital to the technology sector.
The EU now hopes to triple its data center capacity within the next five to seven years, and gain more technological independence. However, it faces major challenges in competing with the US and China, where, among other things, energy is significantly cheaper.
A recent report by the European Commission gave a rather pessimistic assessment of the future if the situation remains unchanged. The report warned that: "European businesses and public authorities will continue to rely on American artificial intelligence providers, to the detriment of European service providers trying to compete at the cutting edge of technology."
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