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In her speech in Paris, EU Commission President Ursula von der Leyen said: “AI will improve our healthcare, boost our research and innovation and increase our competitiveness. We want AI to be a force for good and for growth. We are doing this through our own European approach – based on openness, collaboration and excellent talent. But our approach still needs to be supercharged. That’s why, together with our Member States and our partners, we will mobilize unprecedented capital for European AI gigafactories through InvestAI. This unique public-private partnership, akin to a CERN for AI, will enable all our scientists and companies – not just the biggest ones – to develop the most advanced very large models needed to make Europe an AI continent.” <\/p>\n
The EU’s InvestAI fund will finance four future AI Gigafactories in the EU. The new AI Gigafactories will specialize in training the most complex, very large-scale AI models. Such next-generation models require extensive computing infrastructure for breakthrough developments in specific fields such as medicine or science. The gigafactories will have around 100,000 next-generation AI chips, about four times more than the AI factories currently being built.<\/p>\n
The InvestAI-funded gigafactories will be the world’s largest public-private partnership for the development of trustworthy AI. They will serve the European model of collaborative, open innovation, with a focus on complex industrial and business-relevant applications. The aim is for every company, not just the biggest players, to have access to big computing power to shape the future.<\/p>\n
InvestAI will comprise a multi-tiered fund with shares with different risk and reward profiles. The EU budget would de-risk the investments of other partners. The Commission’s seed funding for InvestAI will come from existing EU funding programs that have a digital component, such as the Digital Europe and Horizon Europe program and InvestEU. Member States can also contribute by providing funding from their cohesion funds. Funding AI Gigafactories with a mix of grants and equity investments will serve as one of the pilot projects for strategic technologies announced in the Competitiveness Compass.<\/p>\n
The Commission already announced the first seven AI Factories in December and will soon announce the next five. The existing \u20ac10 billion support for AI factories, co-funded by the EU and Member States, is already the largest public investment in AI in the world and will unlock more than ten times that amount in private investment. It already provides start-ups and industry with massive access to supercomputers.<\/p>\n
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