Spain's €719 Million Investment in AI Gigafactory to Boost Innovation and Competitiveness
Spain is investing €719 million in building an AI gigafactory to reduce its reliance on foreign technology and ensure compliance with European regulations. The government will become a shareholder in a company submitting Spain's bid for the European Commission's InvestAI initiative, potentially securing additional funding. The project will involve multiple sites in Catalonia and Madrid, aiming to provide advanced computing capacity for local companies to innovate and enhance competitiveness. This investment in high-performance computing will give Spanish scientists access to valuable infrastructure that is currently limited.