The European Union has announced to build seven AI gigafactories with a €10 billion ($11.5 billion) public investment plan.

The new plan will mark a massive escalation in its quest for "tech sovereignty," as the EU steps up efforts to close the technology gap with the U.S. and China.

The Commission said on thursday, that it is offering €10 billion in public funding  supported by member state with the explicit goal of unlocking at least €20 billion in private........

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