Europe faces up to €600 billion AI infrastructure gap as race accelerates - EUROPE SAYS
• Europe may need to spend up to €600 billion over the next decade to close its widening artificial intelligence infrastructure gap. • The European Union launched a call in July to establish up to seven AI Gigafactories, which are large-scale production facilities for AI hardware. • The EU is developing new ways to mobilize public and private funding for start-ups to strengthen its position in the global AI race.
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