Spain commits €300M to European supercomputing initiative for AI gigafctory bid

The Spanish government has approved a €300 million voluntary contribution to the European High-Performance Computing Joint Undertaking (EuroHPC JU) for AI gigafactories and quantum technologies. This investment is a prerequisite for Spain to host one of the EU's first AI gigafactories Source: infobae.

Investment details

• The €300 million is directed to EuroHPC, strengthening Spain's bid for an AI giant factory Source: elmundoes.
• Additionally, the government injected €107 million into the Basque startup Multiverse Computing, which specializes in compressing AI models. This follows previous €60 million public funding and aims to make Multiverse Spain's highest-valued startup Source: elmundoes.
• A separate €24.5 million was allocated to Attypics Photonics, a photonic chip company based in Valencia, with private investors contributing €25.5 million Source: elmundoes.

The gigafactory consortium, led by SETT (Sociedad Española para la Transformación Tecnológica), includes Telefónica, ACS, Banco Santander, Multiverse, and the Catalan government Source: infobae, elmundoes. The government previously approved €791 million for its 48% stake in the consortium Source: elmundoes.

Discrepancies

Infobae reports that the €300 million contribution was approved in the Council of Ministers on June 23, while elmundo adds that Minister Óscar López announced the Multiverse and Attypics deals simultaneously. Both sources agree on the strategic push to secure EU gigafactory funding before European funds expire.