Germany news: Nvidia CEO optimistic about EU's AI economy
Jensen Huang, the head of the chip giant, was in Berlin to talk to developers and investors. Meanwhile, a cigarette tax hike came into effect early due to a "technical error." DW has more.
Nvidia CEO Jensen Huang expressed optimism about Europe's growing AI economy during a conference in Berlin. He encouraged Europe to expand its data center infrastructure and highlighted Nvidia's modular tools to facilitate this process. Huang praised the new design of a ready-made modular computing center, which could be constructed in a matter of days.
Europe currently holds around 5% of the world's AI computing capacity, compared to 75% in the United States, which poses a significant obstacle for European developers. Nvidia has invested $10 billion in European startups over the past year. Germany's Federal Financial Ministry clarified that a new tobacco tax was erroneously implemented before its intended date due to a technical error.
A youth initiative, Gen Z regelt, called for mass protests in 21 German cities, protesting broken schools, austerity, the cost of living, social injustice, military conscription, and climate change. The central bank predicted an uptick in growth for Germany's economy in the fourth quarter, contingent upon the development of the war in the Middle East.
German Chancellor Friedrich Merz emphasized the need for Europe to be prepared for potential trade disputes with China.
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