WSJ Tech News Briefing · Thursday, July 30, 2026
The European Union has initiated a bidding process to construct seven AI gigafactories aimed at developing and training next-generation AI models. This initiative is backed by nearly $11.5 billion in public funding from the EU and its member states, with the factories expected to be operational within 18 months of contract signing.
“The European Union has formally launched a bidding process for building seven giga factories dedicated to developing and training next generation AI models.”
“The tender will be supported by almost 11 and a half billion dollars in public funding from the EU and member states.”
“The projects are expected to be operational within 18 months of the contract signing, with award decisions to come in early 2027.”