A new initiative in Europe aims to establish AI Factories that combine essential elements for AI success: computing power, data, and talent. The European Commission highlights that these factories will support AI startups and SMEs across strategic sectors like health, finance, and climate. Funded by a €1.5 billion investment from national and EU resources, seven AI Factories will be set up in leading research hubs in Spain, Italy, Finland, Luxembourg, Sweden, Germany, and Greece. These facilities will enhance EuroHPC computing capacity and are slated for deployment between 2025 and 2026, fostering collaboration and innovation in AI development.