EU Announces InvestAI. Billions for AI and Gigafactories

On Tuesday, February 11, at the [AI Action Summit](article:1047273) in [Paris](https://maps.app.goo.gl/Yw3bbZMxswvFJJYj7), the president of the [European Commission](https://commission.europa.eu/index_pl) Ursula [von der Leyen](https://commission.europa.eu/about/organisation/president_en?prefLang=pl) officially [announced](https://x.com/EU_Commission/status/1889270517036716241) the launch of the fresh initiative. **InvestAI to mobilise €200bn for investments in [artificial intelligence technologies](article:1047137)**. This includes, among others, **a fresh European fund (€20bn) for AI gigafactories**.