EU Commission president Ursula von der Leyen announcing the InvestAI initiative at the AI Action Summit in Paris earlier this year (Photo: European Union, 2025)

EU Commission and European Investment Bank join forces on AI gigafactories

Digital

by Owen Carpenter-Zehe, Brussels,

The European Commission and the European Investment Bank (EIB) signed a new cooperation agreement to support the financing and development of proposed AI gigafactories on Thursday (4 December).

The memorandum...

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Digital

Author Bio

Owen Carpenter-Zehe is a junior reporter from the US at EUobserver, covering European politics.

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EU Commission president Ursula von der Leyen announcing the InvestAI initiative at the AI Action Summit in Paris earlier this year (Photo: European Union, 2025)