March 11, 2025 1:38 PM

If Europe builds the gigafactories, will an AI industry come?

The European Commission is raising $20 billion to construct four "AI gigafactories" as part of Europe's strategy to catch up with the U.S. and China on artificial intelligence, but some industry experts question whether it makes sense to build them. The plan for the large public access data centres, unveiled by European Commission President Ursula von der Leyen last month, will face challenges ranging from obtaining chips to finding suitable sites and electricity. "Even if we would build such ...