Investment summit: German government strikes AI deal with Nvidia
At the "Invest in Germany" summit in Berlin, the federal government has apparently secured cooperation deals with AI firm Nvidia and Amazon.
Shortly before a high-profile investment summit in Berlin, Nvidia CEO Jensen Huang expressed concern over Germany's economic backwardness. The 63-year-old tech mogul urged the nation to "just get to work!" (Macht euch einfach an die Arbeit!). Despite his tough-love message, Huang's visit hinted at a potential partnership between Germany and his company.
During a fireside chat with Chancellor Friedrich Merz, a significant AI deal came to light. According to reports, the German federal government intends to inject a nine-figure sum into this collaboration. Together, German engineering prowess and advanced AI technology aim to bolster Germany's business landscape, according to Merz and Huang.
Meanwhile, US tech giant Amazon announced plans to invest around 16 billion euros in Germany in 2027. A third of this investment will go towards expanding data centers for Amazon's cloud provider, AWS. Currently, around 3,000 employees work for AWS in Germany, with the majority situated in Frankfurt am Main. The remaining investment will primarily bolster AWS operations in the region.
Nvidia disclosed that it has already invested nearly one billion dollars in Germany in 2025. The company holds stakes in numerous German enterprises, both startups and established firms. Huang emphasized the importance of treating data as a national resource that should remain within Germany to foster national intelligence.
Around a dozen German companies are expected to join the government-backed initiative with Nvidia, including Siemens, Audi, and AI start-up Black Forest Labs from Freiburg im Breisgau. In a bid to maintain Germany's competitive edge, Chancellor Merz encouraged companies to share their industrial data for AI development. He argued that preserving Germany's industrial base is vital for the country's economic prosperity.
Following the summit, the outlook for Germany's economy appeared slightly brighter. The International Monetary Fund (IMF) now forecasts 1.3 percent growth in Germany in 2026, up from the previous estimate of 0.7 percent. Whether this economic resurgence will be fueled by investments from US tech behemoths remains to be seen.
Written by urgent.news from Euronews's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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