EU invests $11.5 billion in seven AI hubs to compete with US and China
On Thursday, the European Commission announced that the European Union is set to provide €10 billion ($11.5 billion) to establish seven AI gigafactories throughout the region. To help close the tech divide with the US and China, the Commission is also looking to secure an extra €20 billion from private investors. These new sites will house high-end processors and data centers, designed to boost Europe's overall computing capacity.
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