The European Commission has announced plans to establish up to seven artificial intelligence gigafactories across Europe, with a combined budget of approximately €30 billion. This investment is set to be shared between public and private funding sources. In contrast, major US tech companies are projected to spend more than $600 billion on computing infrastructure this year. The significant disparity in funding highlights the differing approaches to AI development between the EU and the US. This development matters as it underscores the competitive landscape in the global AI sector.