EU’s 20-billion-dollar AI gigafactory plan faces setback as US limits chip access

The European Commission’s plan to build four “AI gigafactories” is facing significant challenges, with restricted access to advanced AI chips threatening its success.

The 20-billion-dollar initiative, announced by European Commission President Ursula von der Leyen, aims to boost Europe’s AI capabilities and reduce dependence on the U.S. and China.

However, industry experts warn that securing Nvidia’s cutting-edge-chips, each costing 40,000 dollars, will be difficult, especially as the U.S. governments tightens export restrictions.