European Commission President von der Leyen announced InvestAI at the Paris AI Action Summit: €20B dedicated fund for up to 5 AI Gigafactories, each with 100K+ GPUs, across EU member states. Positioned as Europe's response to US Stargate and China compute buildout. NOT deployed compute — fund launch only. Formal call and site selection to follow.
European Investment Bank signed MoU with European Commission to co-finance AI Gigafactory infrastructure under InvestAI umbrella. Date approximate (Dec 2025). Needs verification of exact date.
EuroHPC Joint Undertaking Council adopted amendment to extend mandate to include AI Gigafactories. Provides legal basis for EU-level procurement and operation of 100K+ GPU facilities. Confirmation of InvestAI's institutional path.
European Commission received 76 expressions of interest for AI Gigafactory hosting. Pre-call status — formal tender not yet launched. 5 sites expected to be selected. Date approximate (Q1 2026).
EuroHPC JU launched the formal call for proposals for the EU's AI Gigafactories initiative on April 28 2026, with submissions due June 23 2026. The EUR20B InvestAI envelope is set to fund the first 4-5 gigafactories, each equipped with ~100K advanced processors (~4x current generation). Active bidders include France (Scaleway-led AION consortium, $10B), Germany (Deutsche Telekom + Brookfield), Italy, Spain (Telefonica), Portugal (Altice/NOS), Finland (Nokia/Lumi), and Romania (Black Sea AI Gigafactory).