EU opens €10B race for seven AI gigafactories

The European Union opened bidding for up to seven AI gigafactories with €10 billion in public funding, and AP reports that each planned site will hold at least 100,000 advanced AI chips. The official EuroHPC call closes November 12 and is designed to unlock more than €20 billion in private investment. For operators tracking Europe’s sovereign-compute buildout, the subsidy creates a procurement lane worth watching, but electricity costs and a multi-year construction schedule keep it from solving today’s capacity gap.