The European Union (EU) has taken a giant leap into the future by launching InvestAI, a groundbreaking initiative aimed at mobilizing €200 billion ($206.5 billion) to boost artificial intelligence across the bloc. European Commission President Ursula von der Leyen announced the ambitious plan on Tuesday at the AI Action Summit.
“We want AI to be a force for good and for growth,” von der Leyen stated. “We are doing this through our own European approach—based on openness, cooperation, and excellent talent. But our approach still needs to be supercharged.”
InvestAI includes a €20 billion fund dedicated to European AI gigafactories, which are set to train large-scale, complex AI models. These gigafactories will be equipped with about 100,000 next-generation AI chips, quadrupling the current capacity.
Last December, the European Commission announced the first seven AI factories, with plans to unveil five more soon. The move is a significant step towards strengthening Europe’s position in the global AI race.
Moreover, the Commission plans to establish a European AI Research Council to pool resources in support of AI and other emerging technologies. Later this year, the “Apply AI” initiative will be launched to accelerate the adoption of artificial intelligence in key sectors.
These strategic efforts underscore the EU’s commitment to fostering innovation and staying competitive in the rapidly evolving field of AI.
