💨 Abstract

The European Commission plans to build four AI gigafactories, investing $20 billion, to boost Europe's AI capabilities and compete with the U.S. and China. However, experts question the feasibility due to challenges in obtaining chips, finding suitable sites, and electricity. The gigafactories aim to support local firms and create AI models aligned with EU safety and data protection rules. But without large European cloud services businesses or firms with millions of customers, the project faces risks.

Courtesy: theprint.in

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