India, June 26 -- Spain Government and the Council of Ministers have given a boost to the European artificial intelligence gigafactory that will be located in Móra la Nova, in the Ribera d'Ebre.

The Government has approved the creation of the commercial company that will be in charge of the development and management of the infrastructure, while the Spanish government has approved an economic allocation of €719 million through the Spanish Society for Technological Transformation (SETT), dependent on the Ministry for Digital Transformation.

This formal step is essential to be able to present the Spanish candidacy to the European Commission, which in the coming weeks will open the process to select the definitive locations of t...