Image: TNW | AppsFrench companies bid $10bn for one of the EU’s five planned AI gigafactory sites
• A French consortium led by Scaleway has submitted a bid of approximately $10 billion to construct one of the European Union's planned AI gigafactories. • The project is part of the InvestAI Facility, a €20 billion initiative designed to underwrite up to five large-scale AI infrastructure sites across the bloc. • The program has seen significant interest, with 76 expressions of interest received from member states including Germany, Spain, Italy, Finland, Portugal, and the Netherlands.
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