EU launches InvestAI initiative to mobilise €200 billion of investment in artificial intelligence

Today, at the Artificial Intelligence (AI) Action Summit held in Paris, the President of the European Commission, Ursula von der Leyen, launched 'InvestAI', an initiative to mobilise €200 billion for AI investments, including a new €20 billion European fund for AI gigafactories. This large-scale AI infrastructure is essential to enable the open and collaborative development of the most complex AI models and to establish Europe as a leader in AI.

President of the Commission, Ursula von der Leyen, stated: “AI will enhance our healthcare, drive our research and innovation, and boost our competitiveness. We want AI to be a driver of growth and a force for the common good. We are doing this through our own European approach, based on openness, cooperation, and outstanding talent. But we must further strengthen our approach. This is why, together with Member States and our partners, we will mobilise unprecedented capital through InvestAI for European AI gigafactories. This unique public-private partnership, akin to a CERN for AI, will enable all our scientists and businesses—not just the largest ones—to develop the advanced, large-scale models needed to make Europe an AI powerhouse.”

President of the European Investment Bank, Nadia Calviño, said: “Together with the European Commission, the EIB Group is stepping up support for Artificial Intelligence, a key driver of innovation and productivity in Europe.”

The EU's InvestAI fund will finance four future AI gigafactories across the European Union. These new AI gigafactories will specialise in training highly complex, large-scale AI models. Such next-generation models require advanced computing infrastructure to achieve breakthroughs in specific fields such as medicine and science. The gigafactories will house around 100,000 next-generation AI chips—approximately four times more than the AI factories currently being established.

The Commission already announced the first seven AI factories in December and will soon unveil the next five. The existing €10 billion support for AI factories, co-financed by the EU and Member States, is already the largest public investment in AI worldwide and is expected to unlock more than ten times that amount in private investment. It also provides extensive access to supercomputers for startups and industry.

 

Read the full press release on the European Commission’s website.