The Spanish government confirms the launch of a European AI gigafactory with headquarters in Madrid and Tarragona

▤ Summary

Spain’s government has approved a 719 million euro investment to join a public-private consortium that will bid for an EU-backed AI gigafactory project. The planned facility would be based across Móra la Nova in Tarragona and San Fernando de Henares in Madrid, with private partners including Banco Santander, ACS, Telefónica, and Multiverse Computing. The project aims to give Europe more sovereign compute capacity for training and running advanced AI models without relying so heavily on foreign providers. It also positions the infrastructure as a resource for research, industry, and public services, while creating high-skilled jobs and local economic activity.

▦ Linked Companies

Multiverse Computing

$10M to $25M