The Zhitong Finance App learned that US chipmaker Nvidia (NVDA.US) has agreed to take a stake in two French tech startups, Doctolib and Genesis AI. The two French companies said on Tuesday.
Doctolib said that Nvidia has agreed to acquire its minority shares, but did not specify the size or value of the shares, but the company said that Nvidia's addition would help it develop artificial intelligence tools.
Genesis AI confirmed previous media reports. “We are delighted that Nvidia is a strategic investor in Genesis AI,” the company said in a statement. Nvidia also owns Entalpic and Pigment.
Nvidia CEO Wong In-hoon said that additional investments in French startups Doctolib, Genesis AI, Pigment and Entalpic are part of its European layout.
Hwang In-hoon said at an event in Paris on Tuesday that the company plans to announce an investment of 2 billion US dollars in Europe in the coming week. Paris was the first stop of Hwang In-hoon's trip to Europe, followed by London and Berlin.
Nvidia is a chip manufacturing giant at the heart of the artificial intelligence boom. Hwang In-hoon has promised to invest hundreds of billions of dollars globally to accelerate the popularization and application of this technology and its products. However, when Hwang In-hoon arrived in Europe, AI technology was facing increasing public resistance. From the loss of control of AI models to the environmental impact of energy-intensive data centers, a series of concerns are driving external calls to limit AI development. Europe and the UK seek to play a role in preventing the harm AI may cause.
“Europe needs to join this competition,” Hwang In-hoon said at the event.
Hwang In-hoon opposed the call to slow down the development of AI. He said AI will drive economic growth and can develop safely. After many security incidents involving AI agents have attracted widespread attention, AI company leaders including Anthropic PBC CEO Dario Amodei and OpenAI CEO Sam Altman are considering how to grasp the pace of AI development.