[EU to Invest €10 Billion to Build Seven AI Gigafactories] BlockBeats News, July 31, the European Union has launched a tender to construct up to seven AI Gigafactories, led by industry players. The EU and member states will provide up to €10 billion in public funding, aiming to leverage at least €20 billion in private investment (total scale exceeding €30 billion). The plan is divided into two categories of projects (up to four medium-scale and up to three large-scale). The tender deadline is November 12, 2026, with results expected to be announced in early 2027. Operations are to commence within 18 months of signing the contracts. [Original Link]