<ul data-eligibleForWebStory="false"><li>Major European industry players are submitting proposals for AI Gigafactories, planning to acquire three million GPUs for developing advanced AI models.</li><li>An AI Gigafactory is crucial for Europe to build its own AI capabilities instead of relying on American or Chinese technology, as they aim to be a significant player in the global AI race.</li><li>The European Commission is energized by the response to the AI Gigafactory proposals but remains cautious about revealing interested companies.</li><li>The success of Europe's AI Gigafactory initiative could determine its ability to keep pace with AI advancements globally or relying on foreign technology.</li></ul>

“Europe’s AI Gigafactory Race: 76 Proposals for Europe’s AI Renaissance”

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