Recently, at the Artificial Intelligence (AI) Action Summit in Paris, Commission President Ursula von der Leyen has launched InvestAI, an initiative to mobilize €200 billion for investment in AI, including a new European fund of €20 billion for AI gigafactories. This large AI infrastructure is needed to allow open, collaborative development of the most complex AI models and to make Europe an AI continent.
Commission President Ursula von der Leyen said: “We want AI to be a force for good and for growth. We are doing this through our own European approach – based on openness, cooperation and excellent talent. But our approach still needs to be supercharged. This is why, together with our Member States and with our partners, we will mobilise unprecedented capital through InvestAI for European AI gigafactories.”
The EU’s InvestAI fund will finance four future AI gigafactories across the EU. The new AI gigafactories will be specialised in training the most complex, very large, AI models.
The gigafactories funded through InvestAI will be the largest public-private partnership in the world for the development of trustworthy AI. They will serve the European model of cooperative, open innovation, with a focus on complex industrial and mission-critical applications. The goal is that every company, not only the biggest players, can access large-scale computing power to build the future.
The Commission has already announced the initial seven AI factories in December and will soon announce the next five. The existing support for AI Factories of €10 billion, co-financed by the EU and the Member States, is already the largest public investment in AI in the world, and will unlock over ten times more private investment. It already provides massive access for start-ups and industry to supercomputers.
