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TNB Tech Minute: EU Calls For Building Seven AI Gigafactories

Jul 30, 2026 · 1m

Summary

The EU launched a bidding process for seven AI gigafactories backed by $11.5 billion to boost its tech ecosystem. IBM published research validating quantum computing advantages, aiming to restore investor confidence after recent share drops. Meanwhile, investors await Amazon’s quarterly earnings, expecting over $197 billion in revenue and $200 billion in annual capital expenditures.

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