The European Commission, the 27-nation bloc’s executive, said it would like the public financing to draw an additional €20 billion in private investment. The EU’s current computing power – delivered by a network of 19 AI data centres from Finland to Spain – will more than double when these seven gigafactories come online. China has an enormous electrical power capacity for data centres, while the US bags the lion’s share of private AI investment. “European businesses and public authorities will continue to rely on US AI providers to the detriment of European service providers struggling to work at the frontier,” said the report, which listed the bloc’s top five cloud service providers as all American. France’s Mistral runs the one of the largest AI data centres in the EU so far at its campus in Paris.