The EU plans to invest between €3 billion to €5 billion in each of its new AI factories, aiming to significantly boost local data processing capabilities. These facilities will utilize high-performance GPUs to transform raw data into advanced AI products, according to UBS analyst Andre Kukhnin. Telenor's AI factory in Norway exemplifies early use, focusing on data sovereignty. Analysts warn, however, that robust power generation is needed for these projects, which may take 1-2 years to develop.
The EU plans to invest between €3 billion to €5 billion in each of its new AI factories, aiming to significantly boost local data processing capabilities. These facilities will utilize high-performance GPUs to transform raw data into advanced AI products, according to UBS analyst Andre Kukhnin. Telenor's AI factory in Norway exemplifies early use, focusing on data sovereignty. Analysts warn, however, that robust power generation is needed for these projects, which may take 1-2 years to develop.