A Sepi Digital executive will preside over the AI gigafactory.
Alfredo Serret (Telefónica) y Daniel Barriuso (Santander) serán los vicepresidentes. Leer
The Spanish government, Banco Santander, Telefónica, and ACS have formed a joint venture to bid for one of seven European AI gigafactories. José Marino García, executive director of capitalization at Sociedad Española para la Transformación Tecnológica (SETT), will lead the venture as president. The consortium, which includes SETT with a 47% stake and the other partners with 15.67% each, aims to secure funding of around €5,000 million and has until November 12 to submit its bid.
The European Commission has approved the joint venture and the Spanish consortium is competing with over 75 other European initiatives for a share of the €20,000 million InvestAI funding.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
