EU plans $30 billion investment in gigawatt AI data centers — multiple sites to host 100,000 AI GPUs each as bloc plays catch-up to US and China

The European Union is launching a $30 billion initiative to build a network of gigawatt-class AI data centers across 16 member states in a bid to catch up with the U.S. and China, though concerns remain over power supply, unclear specifications, and long-term business viability.