EU commits €10B to 7 AI gigafactories to boost compute
On July 30, 2026, the European Union announced a 10 billion euro public funding package to support seven AI gigafactories across the bloc. The European Commission says the sites will each house at least 100,000 advanced AI chips and more than double the EU’s current AI computing capacity. The program is designed to catalyze a further 20 billion euros in private investment.
Source: AP News