Ursula von der Leyen, president of the European Commission, says Europe needs to mobilize at least €500 billion in investment in computing infrastructure. The InvestAI program aims to raise €200 billion for artificial intelligence, while the AI Gigafactories program seeks up to €30 billion for computing hubs. A proposed €20 billion facility within InvestAI would seek to attract at least as much private capital. The Commission has also committed €525 million to a European chip design platform, including €440 million in grants. Even combined, these programs fall far short of the €500 billion requirement, leaving a significant funding gap to be filled through private investment.
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