An agreement between the parties was signed at an investor conference in Berlin. It aims to develop “groundbreaking” AI models for industry using German data and expertise.
Financial details have not been made public, but according to the newspaper Handelsblatt, the German state is ready to contribute hundreds of millions of euros - at least one billion kronor.
Nvidia CEO Jensen Huang spoke with Chancellor Friedrich Merz on stage during the conference without mentioning the agreement, which had not yet been made public. Nvidia wants to strengthen German industrial expertise, not replace it, Huang said at the time.
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