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Spain approves €719 million AI gigafactory investment, seeks EU funding

CNA

6d ago· 2 min readenNews

Summary

Spain has approved a €719 million ($834 million) investment to build an AI gigafactory, aiming to reduce dependence on foreign technology and ensure AI development aligns with European regulations. The government will become a shareholder in the project and is seeking additional funding from the European Union to support the initiative.

Source

bskySpain approves €719 million AI gigafactory investment, seeks EU fundingchannelnewsasia.com

Key quotes

· 2 pulled

Spain has allocated €719 million ($834 million) towards building an AI gigafactory to try to reduce its dependence on foreign technology and ensure AI development complies with European regulations

The investment will make the government a shareholder in

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MADRID, June 16 : Spain has allocated €719 million ($834 million) towards building an AI gigafactory to try to reduce its dependence on foreign technology and ensure AI development complies with European regulations, the government said on Tuesday.• The i

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