OVHcloud CEO Says EU AI Funding Falls Short
OVHcloud CEO Octave Klaba said the European Union proposed public funding for AI gigafactories is too small to cover costs. He noted operators would need hundreds of millions in annual revenue, making current public commitments insufficient.
OVHcloud CEO Octave Klaba said on Tuesday afternoon that Europe's proposed 200-million-euro public commitment for AI gigafactories is too small. The funding falls short of the private investment required to operate facilities built around fast-depreciating chips.
