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February 11, 2025

EU launches €200bn initiative to back AI and gigafactories

The InvestAI initiative, announced Tuesday, will include funding four future AI gigafactories training complex AI models

Anne Sraders

3 min read

The European Commission unveiled on Tuesday at the Paris AI Action Summit an initiative to mobilise €200bn for AI, including a €50bn investment from the EU alongside €150bn in funding from private investors.

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Anne Sraders

Anne Sraders is a senior reporter at Sifted, based in Berlin. She covers the VC industry and deeptech startups. She also writes Sifted's weekly VC newsletter Up Round. Follow her on X and LinkedIn

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