Nvidia commits nearly $10 billion to Europe AI and backs four German startups

CNBC · 5 hours ago
Nvidia commits nearly $10 billion to Europe AI and backs four German startups
  • Nvidia named Agile Robots, Avelios Medical, Mirelo and Reflex Aerospace as investment targets within a nearly $10 billion commitment to companies, universities and research institutions across Europe.
  • Nvidia did not disclose the size of the planned investments in the four startups.
  • The German federal government signed a joint declaration of intent with Nvidia to advance AI models for industrial applications, and Nvidia is expanding its collaboration with the government and its Industry 4.0 Platform.
  • Siemens announced new AI solutions developed with Nvidia at its Erlangen factory, stating the technologies could reduce engineering work for production preparation by up to 85%.
  • Chancellor Friedrich Merz named manufacturing, machinery and automotive as priority sectors for AI integration and urged small and medium-sized businesses to use the data they already hold.
  • Jensen Huang visited France the prior week, announcing investments in four French startups and meeting President Emmanuel Macron, and is scheduled to deliver a keynote in Berlin on Wednesday.

Quotes

“Please open your doors for AI to make use of your data,”— Friedrich Merz
“AI can only augment your capability, it will not replace your capability,”— Jensen Huang

Sources