The President of the European Commission, von der Leyen, stated they aim to launch a €200 billion investment in artificial intelligence in Europe. Addressing the Artificial Intelligence Action Summit in Paris, European Union (EU) Commission President Ursula von der Leyen expressed their ambition to make Europe one of the leading continents in the field of artificial intelligence. Highlighting that some of the world’s fastest public supercomputers are in Europe, von der Leyen mentioned their intention to provide these systems for companies and researchers to use in their artificial intelligence projects. Emphasizing their goal to elevate their artificial intelligence factories to artificial intelligence giga factories, von der Leyen noted that these facilities could train models using vast data and computing infrastructure. Pointing out the significant need for funds in the field of artificial intelligence from both the public and private sectors in Europe, von der Leyen welcomed the €150 billion commitment by the private sector for artificial intelligence initiatives. By drawing attention to the EU’s “InvestAI” initiative, von der Leyen highlighted that they plan to mobilize a total of €200 billion for artificial intelligence investments in Europe, with an additional €50 billion from the EU. The EU Commission’s announcement also indicated the establishment of a new €20 billion European fund for artificial intelligence giga factories. Recently, the EU has been making new investments in artificial intelligence in an attempt to catch up with competitors like the US and China.