If Europe builds the gigafactories, will an AI industry come?

March 12, 2025

, By The Economic Times

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The European Commission is raising $20 billion to construct four “AI gigafactories” as part of Europe’s strategy to catch up with the US and China on artificial intelligence, but some industry experts question whether it makes sense to build them.

The plan for the large public access data centres, unveiled by European Commission President Ursula von der Leyen last month, will face challenges ranging from obtaining chips to finding suitable sites and electricity.

“Even if we would build such a big computing factory in Europe, and even if we would…

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If Europe builds the gigafactories, will an AI industry come?

March 12, 2025

, Published By The Economic Times

The European Commission is raising $20 billion to construct four “AI gigafactories” as part of Europe’s strategy to catch up with the US and China on artificial intelligence, but some industry experts question whether it makes sense to build them.

The plan for the large public access data centres, unveiled by European Commission President Ursula von der Leyen last month, will face challenges ranging from obtaining chips to finding suitable sites and electricity.

“Even if we would build such a big computing factory in Europe, and even if we would…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Former Ola exec Pranay Jivrajka’s sexual wellness startup Allo raises Rs 16 crore from Zerodha’s Rainmatter, others

Next News

Apple Loses $174 Billion In One Day; As America’s Seven Biggest Technology Companies Lost $750 Billion On Manic Monday

The Economic Times

More like this

Popular

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