Nvidia is increasing its investments in the European artificial intelligence sector, revealing plans to back four German startups as the country strives to strengthen its position in industrial AI.
The investments are part of the U.S. chipmaker’s nearly $10 billion commitment to invest in companies, universities and research institutes across Europe, as announced Monday at the Invest in Germany summit in Berlin.
The four startups are Agile Robots, Avelios Medical, Mirelo and Reflex Aerospace. However, Nvidia did not disclose the scale of the planned investments.
Agile Robots develops AI-based robots for manufacturing, logistics and healthcare, while Avelios Medical creates AI-based hospital management software. Mirelo develops AI models that generate audio for videos, while Reflex Aerospace designs and builds satellites.
The announcement comes as Germany seeks to accelerate the adoption of AI in its industrial sector. Chancellor Friedrich Merz said the country aims to become a leader in the integration of AI in key sectors.
Merz, who described the technology as a major opportunity for the country’s economy, cited manufacturing, machinery and the automobile industry for integrating AI. He also urged German small and medium-sized businesses to capitalize on the data they already have.
“Please open your doors for AI to use your data,” Merz said. “It is a real secret and a real advantage for Germany to be able to exploit all the data already available in our companies.”
Nvidia CEO Jensen Huang echoed Merz’s remarks while highlighting Germany’s expertise in manufacturing, math and science, saying AI would enhance rather than replace the country’s industrial capabilities.
“AI can only augment your capabilities, it will not replace them,” Huang said, 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”.,” bringing together representatives from government, industry, research and trade associations, to accelerate the adoption of industrial AI. On Monday, the government signed a joint statement of intent with Nvidia to advance AI models for industrial applications.
Earlier today, Siemens had also announced new AI solutions developed with Nvidia at its factory in Erlangen, Germany. Siemens said these technologies could reduce the engineering work needed to prepare for production by up to 85%, while AI-based production planning could reduce costs by up to 20%.
Huang also visited France last week, where he announced investments in four French startups and met with French President Emmanuel Macron to discuss AI development. The Nvidia boss is expected to give a speech in Berlin on Wednesday.
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