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The MoU establishes a framework to accelerate the financing and development of the AI Gigafactories that will anchor Europe’s future AI infrastructure. The EIB will provide tailored advisory support to consortia that responded to the Commission’s informal call for Interest. This guidance will help turn ambitious concepts into bankable projects that can be submitted in the formal call for the establishment of AI Gigafactories planned for early 2026, paving the way for potential EIB co-financing.
The agreement advances the InvestAI initiative, announced by President Ursula von der Leyen at the AI Action Summit in Paris in February 2025. InvestAI mobilises a €20 billion facility to support up to five AI Gigafactories - large-scale computing facilities dedicated to the development and training of next-generation AI models.