MADRID, June 16 : Spain has allocated €719 million ($834 million) towards building an AI gigafactory to try to reduce its dependence on foreign technology and ensure AI development complies with European regulations, the government said on Tuesday. • The investment will make the government a shareholder in a company set up to submit Spain's bid for the European Commission's call for proposals for its InvestAI initiative, which could provide further funding. • Spain will submit a multi-site bid