At the AI Action Summit in Paris, Commission President Ursula von der Leyen has launched InvestAI, an initiative to mobilise €200 billion for investment in AI. The EU’s InvestAI fund will finance four future AI gigafactories across the EU. The new AI gigafactories will be specialised in training the most complex, very large, AI models. Such next-generation models require extensive computing infrastructure for breakthroughs in specific domains such as medicine or science. The gigafactories will have around 100 000 last-generation AI chips, around four times more than the AI factories being set up right now.
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