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EIB and Commission Unite to Fund AI Gigafactories in Europe

12/11/2025

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Summary

Story summary

The European Investment Bank (EIB) and the European Commission signed a Memorandum of Understanding to back AI gigafactories in Europe.
The plan envisions up to five data centers with 100,000 AI chips each.
The EIB will issue loans to supplement €20 billion in InvestAI grants, with advisory support via the InvestEU Advisory Hub.
The initiative aligns with the EIB's TechEU program to mobilize €250 billion by 2027.

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Story summary

The European Investment Bank (EIB) and the European Commission signed a Memorandum of Understanding to back AI gigafactories in Europe.
The plan envisions up to five data centers with 100,000 AI chips each.
The EIB will issue loans to supplement €20 billion in InvestAI grants, with advisory support via the InvestEU Advisory Hub.
The initiative aligns with the EIB's TechEU program to mobilize €250 billion by 2027.