European Union: EU InvestAI Initiative to finance AI gigafactories
Progress
Current status
adopted
11 Feb 2025 adopted
Scope
Implementers
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czechia
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Policy Area
Subsidies and industrial policy
Policy Instrument
In-kind grant
Regulated Economic Activity
cross-cutting
Government Branch
executive
Government Body
central government
Implementation Level
supranational
Timeline of events
European Commission launched InvestAI Initiative to finance AI gigafactories
On 11 February 2025, the European Union launched the InvestAI initiative intending to mobilise up to EUR 200 billion (USD 206.5 billion) in public-private investments in AI. For this, the Commission announced a European fund of EUR 20 billion (USD 2…
SourceEvent type
outline
Action type
adoption
Government branch
executive
Government body
central government