Nvidia Backs 4 German AI Startups as Europe Investment Plan Nears $10 Billion
Updated
Updated · CNBC · Oct 20
Nvidia Backs 4 German AI Startups as Europe Investment Plan Nears $10 Billion
3 articles · Updated · CNBC · Oct 20
Summary
Four German startups—Agile Robots, Avelios Medical, Mirelo and Reflex Aerospace—will receive Nvidia backing under a broader European AI expansion, though the chipmaker did not disclose deal sizes.
Nearly $10 billion is earmarked by Nvidia for European companies, universities and research institutions, with the Berlin announcement tied to Germany’s drive to lead in industrial AI.
Germany signed a declaration of intent with Nvidia to advance industrial AI models, while Chancellor Friedrich Merz pressed manufacturers, machinery groups and automakers to put company data to work.
Siemens on Monday unveiled Nvidia-based AI tools at its Erlangen factory, saying they can cut production-preparation engineering work by up to 85% and planning costs by as much as 20%.
Four French startups were also backed by Nvidia last week, underscoring a wider European push that continues with CEO Jensen Huang’s Berlin keynote scheduled for Wednesday.