EU plans to invest $11.4 billion to build seven artificial intelligence super factories

On Thursday, 30 July, the EU's CEO of the Group of 27 indicated that the EU would provide Euro10 billion ($11.4 billion) in funding for enterprises to build seven large, man-made industrial intelligence plants to close the artificial intelligence gap with the United States. The European Commission expressed the hope that public financing would attract additional private investment of Euro20 billion ($22.8 billion). Enterprises can now bid for a contract for the construction of super plants, which are planned to be equipped with at least 100,000 sophisticated artificial intelligence chips, with performance approximately four times the performance of the data centres currently operating in the EU. According to the United States assessment of 2025, Europe lags far behind the United States in key areas of artificial intelligence development. According to a Commission report submitted to the European Parliament in June, European enterprises and public authorities will continue to rely on United States artificial intelligence providers, to the detriment of European service providers working on the front line。