Business · Companies · 4 hrs ago
Nvidia plans $2 billion investment in Europe next week
Nvidia plans to announce $2 billion in European investments next week, CEO Jensen Huang said at an event in Paris.
The plan would add to the $8 billion Nvidia invested in Europe last year.
Huang was visiting Paris, with London and Berlin also on his European tour, and said French startups Doctolib, Genesis AI, Pigment and Entalpic had received new funding.
He argued that Europe needs to take part in the AI race and said AI could support economic growth and be developed safely.
His visit comes as concerns grow about AI systems going out of control and the environmental effects of energy-hungry data centres.
Huang also said open-source AI models could help Europe compete because they can cost less and be adapted for different needs.
Nvidia plans to announce a new $2 billion investment in Europe next week, CEO Jensen Huang said.
The planned investment would add to the $8 billion Nvidia invested in Europe last year.
Huang made the announcement at an event in Paris on Tuesday during a European tour that also includes London and Berlin.
He said Nvidia had provided new funding to French startups Doctolib, Genesis AI, Pigment and Entalpic.
Huang argued that Europe should take part in the AI race and opposed calls to slow the technology’s development.
- Who
- Nvidia, as announced by CEO Jensen Huang.
- What
- The company plans to announce a new $2 billion investment in Europe.
- When
- The announcement is planned for next week. Huang spoke on Tuesday.
- Where
- The announcement was made at an event in Paris; the planned investment is in Europe.
- Why
- Not stated.
AI development slowdown advocates
Jensen Huang
AI development pace
AI development slowdown advocates
They have called for limits on the speed of AI development amid concerns about models going out of control and data centres’ environmental effects.
Jensen Huang
He argued against calls to slow AI development and said the technology could support economic growth and be developed safely.
Nvidia invested $8 billion in Europe.
Huang spoke at an event in Paris during a European tour that also includes London and Berlin.
Nvidia plans to announce a new $2 billion investment in Europe.
- Planned European investment
- $2 billion
- Previous European investment
- $8 billion last year
- Announcement venue
- Paris
- French startups receiving new funding
- Doctolib, Genesis AI, Pigment and Entalpic
2 sources
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What people are saying
Europe needs to be part of this race