The European Union (EU) is taking a giant leap into the future with its new initiative, InvestAI. Announced by European Commission President Ursula von der Leyen at the AI Action Summit, InvestAI will mobilize a staggering 200 billion euros ($206.5 billion) to supercharge AI investment across the bloc.
\"We want AI to be a force for good and for growth,\" von der Leyen stated. \"We are doing this through our own European approach — based on openness, cooperation and excellent talent. But our approach still needs to be supercharged.\"
As part of InvestAI, a 20 billion-euro fund has been allocated for European AI gigafactories. These facilities will train large-scale, complex AI models and will be equipped with approximately 100,000 next-generation AI chips—about four times the current amount.
Last December, the European Commission announced the first seven AI factories and plans to unveil five more soon. Additionally, the Commission will establish a European AI Research Council to pool resources for AI and other emerging technologies. Later this year, the \"Apply AI\" initiative will be launched to accelerate the adoption of artificial intelligence in key sectors.
Stay tuned as the EU continues to lead in AI innovation, shaping the future of technology and growth in the region.
