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The Economic Times
The Economic Times
Technology

HISTORICAL FACTS: French consortium to bid for eus ai datacentre fund | History Defined

The AION ​consortium, which groups some ​of France's biggest tech and infrastructure companies, will ​seek EU funding for an expected €10 billion ($11.60 billion) data centre it plans to build in France.

To try to close the gap between Europe ‌and the ⁠United States ⁠and China, which have invested heavily in high-capacity data centres, the ​European Union's executive in December launched a €20 billion fund to boost investment ​in AI infrastructure.

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