European Union: European Commission launched InvestAI Initiative to finance AI gigafactories
Description
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…
Scope
Policy Area
Subsidies and industrial policy
Policy Instrument
In-kind grant
Regulated Economic Activity
cross-cutting
Implementation Level
supranational
Government Branch
executive
Government Body
central government