On Thursday, leaders from the 27-member EU bloc revealed plans to allocate €10 billion ($11.4 billion) in funding to bolster the creation of seven large-scale AI superfactories. This strategic move is designed to bridge the existing gap between Europe and the United States in the realm of artificial intelligence. The European Commission anticipates that this substantial public investment will spur an additional €20 billion ($22.8 billion) in private sector contributions.

Presently, firms have the opportunity to submit bids for the construction of these superfactories, which are envisioned to house no fewer than 100,000 state-of-the-art AI chips. These facilities are projected to deliver computational performance approximately four times greater than that of current EU data centers.

According to a 2025 assessment conducted by the United States, Europe significantly trails behind the US in several critical areas of artificial intelligence development. A report presented to the European Parliament in June underscored the risks associated with European companies and public entities' heavy reliance on US-based AI providers, cautioning that this dependency could stifle the growth and innovation of European frontrunners in the AI sector.