European Commission is gearing up to fund big AI factories. The plan aims to boost Europe’s AI manufacturing power. An official call for projects will drop later this year.
The announcement came after the Commission teased moves to mobilise funds for AI production earlier in 2024.
This push is part of Europe’s attempt to scale its AI hardware and software capacity. The image below hints at the scale and urgency behind this program. 
No specifics yet on how much money or which companies will benefit. The official callout later this year will provide details on funding and partnership opportunities.
Europe wants to carve out a bigger slice of the global AI race. Watch this space for updates on startups and incumbents jumping on the funding wave.
