Europe’s AI gigafactory push attracts 76 bids: EU tech chief

Seventy-six companies have bid to develop Europe’s artificial intelligence gigafactories, the EU’s tech chief said on Monday, hailing a bigger-than-expected response to the bloc’s push to catch up with the US and China in this key technology.

The European Commission made the announcement four months after it allocated €20 billion ($23 billion) in EU funding for the construction of four AI gigafactories across the bloc.

Such facilities, in essence large-scale AI computing and data storage hubs, will be equipped with about 100,000 state-of-the-art AI chips.