The European Commission has approved the creation of a joint venture between ACS, Telefónica, Banco Santander, and SEPI Digital to bid for one of the seven European artificial intelligence (AI) gigafactories that the EU Executive plans to build. The Spanish project, backed by Portugal, features a dual location split between Móra la Nova (Tarragona) and San Fernando de Henares (Madrid). At the end of July, the EU announced the launch…