Nvidia invests in German startups as Merz urges AI adoption

cnbc.com —

Nvidia announced plans to invest in four German startups as Chancellor Friedrich Merz urged businesses to adopt AI at an industry summit in Berlin. The investments are part of Nvidia's nearly $10 billion commitment to European AI, targeting Agile Robots, Avelios Medical, Mirelo and Reflex Aerospace. Merz encouraged small- and medium-sized firms to use their data, while Nvidia CEO Jensen Huang said AI would augment, not replace, industrial capabilities. Germany signed a joint declaration with Nvidia to advance industrial AI models. Siemens also unveiled new AI solutions developed with Nvidia, claiming the technology could cut engineering work by up to 85% and production planning costs by 20%.


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