The European Commission also announced a fund specific to AI gigafactories to allow companies to train their AI models. Europe will mobilise €200bn euro for investment in artificial intelligence, European Commission President Ursula von der Leyen announced at the AI Action Summit in Paris today. Of this, €20bn will be earmarked for AI gigafactories, which, according to the Commission, is needed to allow for “collaborative development” the most complex AI models. The announcement comes on the hee...