‘Open your doors for AI’: German chancellor urges businesses to embrace AI as Nvidia announces new investments
Nvidia announced planned investments in four German startups as Chancellor Friedrich Merz urged businesses to embrace AI at an industry summit in Berlin.
The German government has announced a partnership with Nvidia to accelerate the development of artificial intelligence for industrial applications. Signed during an investment summit in Berlin, the partnership aims to create a network of researchers, policymakers, and industry leaders to establish a top-tier industrial AI ecosystem in Europe. The initiative intends to develop industrial AI models using German data and expertise.
During the summit, Nvidia announced planned investments in four German startups. While the value of the partnership was not disclosed by the government, Handelsblatt reports the deal could amount to several hundred million dollars.
At the event, Chancellor Friedrich Merz spoke with Nvidia CEO Jensen Huang and urged businesses to embrace AI. Merz stated that Germany aims to capitalize on its traditional strengths as US-based companies currently lead in large-scale generative AI models.
Brief written by urgent.news from CNBC World, CNBC, CNBC Technology, Free Malaysia Today — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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