Nvidia invests in German AI startups as chancellor urges embrace
Summarised from 3 outlets · Updated 20 Oct, 05:38 · Archive
Nvidia is investing in four German startups as part of a nearly $10 billion European commitment, with Chancellor Friedrich Merz urging businesses to adopt AI technology.
Nvidia unveiled plans to back four German AI startups as part of its nearly $10 billion investment in European companies, universities and research institutions. The four startups are Agile Robots, which develops AI-powered robots for manufacturing and healthcare; Avelios Medical, which builds AI hospital management software; Mirelo, which generates audio for videos; and Reflex Aerospace, which designs satellites. Nvidia did not disclose the size of individual investments.
At the Invest in Germany Summit in Berlin, Chancellor Friedrich Merz described AI as a major opportunity for Germany's economy and urged businesses to adopt it. He highlighted manufacturing, machinery and automotive industries as key sectors for AI integration, and told small- and medium-sized businesses to capitalise on data they already hold. 'Please open your doors for AI to make use of your data,' Merz said. 'This is a real secret and a real advantage for Germany.'
Nvidia CEO Jensen Huang echoed the chancellor's remarks, emphasising Germany's strengths in manufacturing, mathematics and science. He said AI would augment rather than replace industrial capabilities, describing it as 'a new instrument for businesses'.
How it is being reported
- Germany news: Siemens warns on AI eliminating entry-level jobsYoung people could lack essential capabilities if routine tasks are taken over by AI, industrial giant Siemens says. This comes Germany agrees to deepen cooperation on AI with US tech giant Nvidia. DW has more.DW News · 20 Oct, 09:21
- Nvidia chief makes surprising prediction about AI replacing human industryNvidia's Jensen Huang is urging German manufacturing companies to combine their expertise in physical machines with artificial intelligence to, as he put it, “re-engineer” the economyIndependent Tech · 20 Oct, 08:33
- ‘Open your doors for AI’: German chancellor urges businesses to embrace AI as Nvidia announces new investmentsNvidia announced planned investments in four German startups as Chancellor Friedrich Merz urged businesses to embrace AI at an industry summit in Berlin.CNBC · 20 Oct, 03:16
In this story: Nvidia · Friedrich Merz · Jensen Huang · Germany · Agile Robots · Avelios Medical · Mirelo · Reflex Aerospace
This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem
Comments (0)