+Article 12b 18.

Article 12b 18.

The AI gigafactory shall include a public governance body composed of representatives from the Commission and the Participating States providing public funding to the specific AI gigafactory. The composition and working arrangements of such public governance body shall be specified in the AI gigafactory Hosting Agreement. Without prejudice to the AI gigafactory Consortium’s management and operational autonomy, the following elements shall require explicit prior approval from the designated public governance body:

(a) 

any proposed access agreements with entities from third countries that might raise concerns regarding the Union’s strategic assets, interests, autonomy or security;

(b) 

substantial changes to the legal and financial structure or control of the AI gigafactory impacting the Union’s interests or those of the Participating States, such as a change in its ultimate ownership or control, any relocation of critical assets outside the Union or major financial restructuring decisions;

(c) 

significant change in the strategic purpose of the AI gigafactory.

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