Europe’s AI gigafactory push attracts 76 bids, EU tech chief says

The European Union's ambitious plan to bolster its artificial intelligence capabilities has garnered significant interest, with 76 companies submitting bids to establish AI gigafactories across the continent. This announcement was made by the EU's tech chief on Monday, highlighting the region's commitment to becoming a global leader in AI technology. The initiative aims to enhance Europe's technological autonomy and reduce reliance on external AI resources. This surge in interest underscores the competitive landscape of AI development, as companies vie for the opportunity to play a pivotal role in Europe's digital transformation. The proposed gigafactories are expected to focus on advancing AI research, development, and manufacturing, thereby creating a robust ecosystem for innovation. Such efforts align with the EU's broader strategy to foster economic growth, job creation, and technological sovereignty. The EU's tech chief emphasized the strategic importance of these gigafactories in positioning Europe at the forefront of the AI revolution. By investing in local infrastructure and talent, the EU aims to cultivate a sustainable and secure AI industry. As the selection process unfolds, the focus will be on identifying proposals that promise cutting-edge advancements and align with the EU's ethical and regulatory standards.

— Authored by Next24 Live