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Spain Invests €719M in AI Gigafactory
16 Jun
Summary
- Spain allocates €719 million for a new AI gigafactory.
- The investment aims to reduce reliance on foreign technology.
- The project will boost advanced computing capacity for Europe.
Spain has announced a substantial investment of €719 million towards the construction of an artificial intelligence gigafactory. This strategic move by the government aims to reduce the nation's reliance on foreign technological advancements and ensure that AI development adheres to stringent European regulations.
The allocated funds will make the Spanish government a shareholder in a newly formed company. This entity is set to submit a bid for the European Commission's InvestAI initiative, a program that could unlock additional funding for the project. Spain plans to propose a multi-site approach, with potential locations identified in Catalonia and Madrid.
This initiative is designed to equip Spain and the wider European continent with cutting-edge computing capabilities. The government stated that the project's objective is to empower local businesses to innovate more effectively and enhance their overall competitiveness. Digital Transformation Minister Oscar Lopez highlighted that this investment in high-performance computing is crucial for providing Spanish scientists with access to infrastructure that is both expensive and currently in short supply.
