[EU Plans to Invest $11.4 Billion to Build 7 AI Superfactories] According to a report by CaiLian News Agency, executives from the EU's 27-member bloc have announced that the EU will provide €10 billion ($11.4 billion) in funding to support companies in establishing seven artificial intelligence (AI) superfactories, aiming to narrow the AI gap with the United States. The European Commission stated that it hopes public financing will attract an additional €20 billion ($22.8 billion) in private investment. Companies can now bid for contracts to construct the superfactories, which are planned to be equipped with at least 100,000 cutting-edge AI chips, offering performance approximately four times that of the current data centers operating in the EU. According to a 2025 assessment from the United States, Europe lags significantly behind the U.S. in key areas of AI development. A report submitted to the European Parliament in June noted that European companies and public authorities will continue to rely on U.S. AI providers, which is detrimental to European service providers working on cutting-edge projects.