No Result
View All Result
  • Private Data
  • Membership options
  • Login
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Subscribe
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Home FINTECH

EU allocates €20bn to developing four “AI gigafactories”

dcdby dcd
February 15, 2025
Reading Time: 5 mins read
in FINTECH, FRANCE
Share on FacebookShare on Twitter

The European Commission is to spend billions of Euros on developing new AI supercomputing clusters.

At the Artificial Intelligence (AI) Action Summit in Paris this week, Commission President Ursula von der Leyen announced the launch of InvestAI, an initiative to mobilize €200 billion ($209bn) for investment in AI, including a new European fund of €20bn ($20.9bn) for large clusters it is calling AI gigafactories.



GettyImages-1490730833

– Getty Images

The Commission said this “large AI infrastructure” is needed to allow open, collaborative development of the most complex AI models and to make “Europe an AI continent.”

The EU's InvestAI fund will finance four future “AI gigafactories” across the EU. The systems will be tailored to training the “most complex, very large, AI models,” and be equipped with around 100,000 of the latest-generation AI chips. Further details weren’t shared.

Von der Leyen said: “AI will improve our healthcare, spur our research and innovation and boost our competitiveness. 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.”

She continued: “This is why, together with our member states and with our partners, we will mobilize unprecedented capital through InvestAI for European AI gigafactories. This unique public-private partnership, akin to a CERN for AI, will enable all our scientists and companies – not just the biggest – to develop the most advanced very large models needed to make Europe an AI continent.”

The initial funding for InvestAI will come from existing EU funding programs with digital components, such as Digital Europe Programme, Horizon Europe, and InvestEU. Member states will also be able to contribute funding.

Through the EuroHPC Joint Undertaking (EuroHPC JU), the Commission previously announced plans for seven “AI factories” in December and will soon announce the next five, in a €10bn ($10.5bn) investment program.

Set to be deployed by the end of 2026, five new AI-optimized supercomputers will be housed in Finland, Germany, Italy, Luxembourg, and Sweden. Meanwhile, Spain will see its MareNostrum 5 system upgraded to an AI factory, with another factory set to be established in Greece in association with the DAEDALUS supercomputer.

Precise details of what each AI factory will see deployed are yet to be shared.

Launched in 2018 and headquartered in Luxembourg, EuroHPC JU is a joint initiative between the EU, 35 European countries, and private partners to develop a supercomputing ecosystem in Europe. It has helped fund the deployment of nine supercomputers to date and multiple quantum computers.

More in HPC & Quantum

  • Petrobras cenpes Rio Brazil - Geraldo Falcão - Petrobras Agency.jpg

    02 Sep 2024

    Brazil’s Petrobras has purchased $89m fleet of Lenovo supercomputers

  • IBM_QUANTUM_SYSTEM_ONE_RPI_Final (1)

    05 Feb 2025

    IBM claims to have booked $1bn of cumulative quantum business

  • Compute, Storage & Networking  SITE THUMBNAIL

    Episode
    The architecture of a supercomputer: A journey into advanced HPC

More in Europe


  • LDN25.Investment.SponsorshipBrochure

    DCD>Connect | Investment London – Sponsorship Brochure

  • microsoft logo

    21 Jan 2025

    Microsoft to become latest member of CISPE

  • Energy & Sustainability SITE THUMBNAIL

    Episode
    Data centers and the circular economy – the real opportunities in Europe

Read the orginal article: https://www.datacenterdynamics.com/en/news/eu-allocates-20bn-to-developing-four-ai-gigafactories/

Gateways to Italy

Gateways to Italy – Offer your services to funds and investors willing to explore opportunities in Italy. Become a partner!

Gateways to Italy – Offer your services to funds and investors willing to explore opportunities in Italy. Become a partner!

by Partner
June 6, 2023

Sign up to our newsletter

SIGN UP

Related Posts

DACH

PayFit cofounder raises €16m seed for new defence tech startup

May 17, 2025
FINTECH

CrediLinq Secures $8.5M Series A to Scale AI-Powered B2B Embedded Finance

May 16, 2025
Nasdaq listing allows eToro to fetch 620 million US Dollars in ipo and reaches a market capitalization of above 5.4 billion
FINTECH

Nasdaq listing allows eToro to fetch 620 million US Dollars in ipo and reaches a market capitalization of above 5.4 billion

May 16, 2025

ItaHub

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

November 4, 2024
Italy’s SMEs export toward 260 bn euros in 2025

Italy’s SMEs export toward 260 bn euros in 2025

September 9, 2024
With two months to go before the NPL Directive, in Italy the securitization rebus is still to be unraveled

With two months to go before the NPL Directive, in Italy the securitization rebus is still to be unraveled

April 23, 2024
EU’s AI Act, like previous rules on technology,  looks more defensive than investment-oriented

EU’s AI Act, like previous rules on technology, looks more defensive than investment-oriented

January 9, 2024

Co-sponsor

Premium

Funds vying for management consulting firm BIP, a CVC portfolio company. All deals in the sector

Funds vying for management consulting firm BIP, a CVC portfolio company. All deals in the sector

March 6, 2025
Private equity, Italy 2024 closes with 588 deals as for investments and divestments from 549 in 2023. Here is the new BeBeez’s report

Private equity, Italy 2024 closes with 588 deals as for investments and divestments from 549 in 2023. Here is the new BeBeez’s report

February 10, 2025
Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

November 4, 2024
Venture capital investments top €1.3bn in 208 rounds as of Sep30  in Italy. They were €1.5 in all 2023. The new BeBeez Report

Venture capital investments top €1.3bn in 208 rounds as of Sep30 in Italy. They were €1.5 in all 2023. The new BeBeez Report

October 28, 2024
Next Post

Segro looks to pivot beyond powered shells to providing fitted out data centers

Scandinavian Data Centers launches battery storage system at underground data center site in Sweden

EdiBeez srl

C.so Italia 22 - 20122 - Milano
C.F. | P.IVA 09375120962
Aut. Trib. Milano n. 102
del 3 aprile 2013

COUNTRY

Italy
Iberia
France
UK&Ireland
Benelux
DACH
Scandinavia&Baltics

CATEGORY

Private Equity
Venture Capital
Private Debt
Distressed Assets
Real Estate
Fintech
Green

PREMIUM

ItaHUB
Legal
Tax
Trend
Report
Insight view

WHO WE ARE

About Us
Media Partnerships
Contact

INFORMATION

Privacy Policy
Terms&Conditions
Cookie Police

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHub
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Subscribe
  • Login
  • Cart