Nvidia is increasing its investments in the artificial intelligence sector in Europe by unveiling plans to back four German startups as the country pushes to strengthen its position in industrial artificial intelligence. The investments form part of the United States chipmaker's nearly $10 billion commitment to invest in companies, universities, and research institutions across Europe, a plan that was announced at the Invest in Germany Summit in Berlin on a Monday.
The four chosen startups are Agile Robots, Avelios Medical, Mirelo, and Reflex Aerospace. Agile Robots focuses on developing artificial intelligence-powered robots for manufacturing, logistics, and healthcare sectors. Avelios Medical builds artificial intelligence-powered hospital management software. Mirelo develops artificial intelligence models that generate audio for videos, and Reflex Aerospace designs and builds satellites. Nvidia did not disclose the specific size of the planned investments for these ventures.
The announcement coincides with Germany's efforts to accelerate the adoption of artificial intelligence across its industrial sector. German Chancellor Friedrich Merz stated that the country aims to become a leader in integrating artificial intelligence into key sectors. Merz described the technology as a major opportunity for the national economy and named manufacturing, machinery, and the automotive industry as primary areas for integration. He also urged the country's small and medium-sized businesses to capitalize on the data they already hold within their operations. Merz encouraged businesses to open their doors for artificial intelligence to make use of existing data, describing it as a real secret and advantage for Germany.
Nvidia Chief Executive Officer Jensen Huang echoed the remarks from the chancellor while highlighting the country's expertise in manufacturing, mathematics, and science. Huang stated that artificial intelligence would strengthen rather than replace industrial capabilities, describing the technology as a new instrument for businesses. Nvidia is also expanding its collaboration with the German federal government and its Industry 4.0 Platform, which brings together representatives from government, industry, research, and trade associations to accelerate industrial artificial intelligence adoption. The government signed a joint declaration of intent with Nvidia to advance artificial intelligence models for industrial applications.
Earlier in the day, Siemens announced new artificial intelligence solutions developed alongside Nvidia at its factory in Erlangen, Germany. Siemens stated that these technologies could reduce the engineering work involved in preparing production by up to 85%, while artificial intelligence-powered production planning could cut costs by as much as 20%. Huang previously visited France, where he announced investments in four French startups and met with French President Emmanuel Macron to discuss artificial intelligence development. The Nvidia chief is scheduled to deliver a keynote address in Berlin on Wednesday.
