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 the development of data center infrastructure and highlighted Nvidia's modular tools to expedite the process. Europe currently only has 5% of the world's AI computing capacity, compared to 75% in the US. Nvidia has invested $10 billion in European startups over the past year.
Germany's Federal Financial Ministry clarified that a new tobacco tax hike approved in the law's wording will not take effect until January 1, 2027, despite an earlier error. Youth group Gen Z regelt called for protests in 21 German cities on October 31, demanding action on education, austerity, and climate change.
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