Spain Approves €719 Million AI Gigafactory Investment and Hopes for EU ...
10 Articles
10 Articles
The private sector, with the presence of companies such as ACS and Telefónica, will have a majority with 51% of the shareholding
The government today will give the start to the formalization of the project of the Spanish gigafactory of artificial intelligence (IA) of Móra la Nova with the approval in the Council of Ministers of an authorization for the public contribution of funds to reach the 719 million euros, which will be channelled through the Spanish Society for Technological Transformation (SETT).Continue reading...
Spain is going very seriously to try to keep one of the big AI GIGAFAB that is preparing Europe, and for this, it has already ready its candidacy. The Council of Ministers has authorized a public investment of up to 719.85 million euros through the Spanish Society for Technological Transformation (SETT), within a public-private consortium that will compete in the next European call to develop an advanced AI gigafactory in our country. This figur…
Spain will present this project to a European call, as part of its commitment to technological sovereignty. The application, submitted to a European call, includes the locations of Móra la Nova (Tarragona) and San Fernando de Henares (Madrid).
The Spanish Council of Ministers authorized investments of 719 million euros for the public-private consortium that will develop a gigafactory of Artificial Intelligence. Thus, the Spanish Society for Technological Transformation (SETT) will be shareholder of the society that will present the local candidacy for the European call. The Spanish project will be a multi-sede candidacy that includes the locations of Móra la Nova, in Tarragona, and Sa…
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