European Commission to invest EUR 1 Billion in Exascale

Today the European Commission unveiled today its plans to invest jointly with the Member States in building a world-class European supercomputers infrastructure. "While Europe already had a number of exascale initiatives under way, this is a major step forward in that it puts up the money. Under a new legal and funding structure, the Commission's contribution will be $486 million, or roughly half of the projected EUR 1 Billion total. Before the new structure was put in place, the Commission was effectively limited to contributing only 20 percent of HPC initiatives undertaken with member states.

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