InvestAI public-private initiative: €20 Bn of European fund to attract even more investment in AI

Ursula von der Leyen announces the launch of the InvestAI initiative, that includes a new European fund of €20 Bn for AI gigafactories, at the AI Action Summit in Paris on 11/02/2025.

The initial €20 Bn funding will come from existing EU funding programmes such as Digital Europe Programme and Horizon Europe, and InvestEU, Member States' contribution and private invetsments. The four future AI gigafactories thus funded in the EU will specialise in training the most complex and very large-scale AI models.

According to the Commission, "such next-generation models require extensive computing infrastructure for breakthroughs in specific domains, such as medicine or science. The gigafactories will have around 100,000 last-generation AI chips, around four times more than the AI factories being set up right now".

With this infrastructure, the Commission hopes to raise at least €30 Bn in additional investment, says Thomas Regnier, Spokeperson at the EC to News Tank.

"We want to replicate the success story of the Cern laboratory in Geneva. With our AI gigafactories, we provide the infrastructure…