Can Europe really compete in AI with $20 billion gigafactories?
- Posted on March 11, 2025
- By Business News Today
- 2 Views
Can Europe really compete in AI with $20 billion gigafactories?
The European Commission plans to invest $20 billion in building four AI gigafactories to compete with the U.S. and China. These facilities will face challenges such as chip shortages, electric power demands, and uncertainty in achieving fruitful outcomes. The initiative is part of Europe's broader InvestAI strategy.
