“InvestAI will mobilise €200 billion for investment in AI in Europe over the next five years, including a new European fund of €20 billion for AI gigafactories — the largest public-private partnership in the world for the development of trustworthy AI.”
President of the European Commission
Said Feb 11, 2025Deadline Dec 31, 2030AI Action Summit, Paris, 11 February 2025 (European Commission press release IP/25/467)
Horizon runs to 2030. Implementation has been slow: the €20 billion gigafactory facility was still being structured with the EIB in December 2025 and the official EuroHPC gigafactories call was only published in July 2026.