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 the investment summit in Berlin, Nvidia CEO Jensen Huang expressed disappointment over Germany's economic lag. He urged the country to "just get to work!" Despite this critique, Huang and Chancellor Merz agreed to a significant AI deal. The federal government pledged a substantial nine-figure euro investment, according to media reports.
Chancellor Merz emphasized that the collaboration would bolster Germany's economic foundation. The summit generated commitments totaling 800 billion euros up to 2028, with Amazon committing 16 billion euros to the German economy in 2027. This investment will primarily benefit data centers for AWS, Amazon's cloud provider, with around 3,000 employees already working in Germany for AWS.
Nvidia, having invested nearly a billion dollars in Germany in 2025, emphasizes the importance of data as a national resource for building national intelligence. The summit also saw German businesses urged to share their industrial data with AI, crucial for sectors like the automotive industry. Chancellor Merz called on companies to open up their data to artificial intelligence, highlighting Germany's hard-working reputation and early start to the day as advantages over other economies.
Written by urgent.news from Euronews Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
