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Nvidia is increasing investment in the European field of artificial intelligence and announced plans to support four German startups. Currently, Germany is focusing on strengthening its position in the field of industrial AI. This investment is part of a European investment plan previously promised by the US chip giant, totaling nearly $10 billion. The plan was officially announced to the public at the German Investment Summit held in Berlin on Monday for companies, universities and scientific research institutions from all over Europe. The four startups are Agile Robots, Avelios Medical, Mirelo, and Reflex Aerospace. Nvidia did not disclose the exact amount of the planned investment. At the time of this official announcement, Germany is speeding up the implementation of AI in the industrial sector. German Chancellor Friedrich Mertz said that Germany aims to become a leading country integrating AI into key industries. Mertz said AI is a major opportunity for the German economy, and prioritized AI implementation in the manufacturing, mechanical engineering, and automotive industries. At the same time, he called on German SMEs to make good use of the data they already have. Nvidia CEO Hwang In-hoon agreed with this. At the same time, he emphasized Germany's deep accumulation in manufacturing, mathematics, and scientific research, saying that AI will only enhance, not replace, Germany's industrial capabilities.
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Nvidia is increasing investment in the European field of artificial intelligence and announced plans to support four German startups. Currently, Germany is focusing on strengthening its position in the field of industrial AI. This investment is part of a European investment plan previously promised by the US chip giant, totaling nearly $10 billion. The plan was officially announced to the public at the German Investment Summit held in Berlin on Monday for companies, universities and scientific research institutions from all over Europe. The four startups are Agile Robots, Avelios Medical, Mirelo, and Reflex Aerospace. Nvidia did not disclose the exact amount of the planned investment. At the time of this official announcement, Germany is speeding up the implementation of AI in the industrial sector. German Chancellor Friedrich Mertz said that Germany aims to become a leading country integrating AI into key industries. Mertz said AI is a major opportunity for the German economy, and prioritized AI implementation in the manufacturing, mechanical engineering, and automotive industries. At the same time, he called on German SMEs to make good use of the data they already have. Nvidia CEO Hwang In-hoon agreed with this. At the same time, he emphasized Germany's deep accumulation in manufacturing, mathematics, and scientific research, saying that AI will only enhance, not replace, Germany's industrial capabilities.
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