Spain’s Prime Minister Pedro Sánchez convened a meeting at Moncloa Palace on 1 July with senior executives from the companies forming a public‑private consortium that will build the country’s first advanced artificial‑intelligence gigafactory. The consortium, led by the government through the Spanish Society for Technological Transition (SETT) and supported by private firms such as Telefónica, ACS, Banco Santander, and Multiverse Computing, holds a majority stake in the venture. The project will locate facilities in Móra la Nova (Tarragona) and San Fernando de Henares (Madrid) and is awaiting the European Commission’s call for proposals. Sánchez announced a €720 million public investment financed with NextGenerationEU funds, and a voluntary €300 million contribution to the European High Performance Computing Joint Undertaking. The initiative aims to boost Spain’s AI research capacity and competitiveness.
© Ministry of the Presidency (Spain).
Summary adapted from https://www.lamoncloa.gob.es
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