Nvidia (NVDA.US) invests in four German AI startups, advancing its $10 billion Europe investment plan
According to Jinse Finance APP, NVIDIA (NVDA.US) is increasing its investments in the European AI sector, announcing plans to support four German startups: Agile Robots, Avelios Medical, Mirelo, and Reflex Aerospace. NVIDIA did not disclose the specific investment amounts for each company.
This news comes as German Chancellor Olaf Scholz urges businesses, especially small and medium-sized enterprises, to "open the door to AI and make full use of your data."
This initiative is part of NVIDIA’s commitment to invest nearly $10 billion in European companies, universities, and research institutions. The commitment was announced on Monday at the "Invest in Germany Summit" in Berlin. NVIDIA CEO Jensen Huang told attendees, "AI can only enhance your capabilities, it will not replace your abilities."
NVIDIA is also deepening its cooperation with the German federal government and the "Industry 4.0 Platform." This platform brings together representatives from the government, industry, research, and trade associations, aiming to accelerate the application of industrial AI.
Earlier the same day, Siemens showcased a new AI solution jointly developed with NVIDIA at its Erlangen plant. Siemens stated that this technology can reduce the engineering workload required for production preparation by up to 85%; AI-driven production planning can reduce costs by up to 20%.
