AI chip giant Nvidia to invest in Europe

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AI chip giant Nvidia to invest in Europe
AI chip giant Nvidia to invest in Europe

The AI chip giant, which specialises in chips coveted in the artificial intelligence boom, has seen its value hover around $1 trillion in recent weeks 

The CEO of the AI chip giant Nvidia said on Friday that the world’s most valuable chipmaker is “extremely likely” to invest in Europe.

Jensen Huang said that expanding in Europe was a “wonderful idea.”

The AI chip giant, by investing money in Europe, would join other semiconductor giants like Intel that are also looking to open new operations in the European Union with the help of government subsidies.

“I would say it is extremely likely, and the reason for that is because Nvidia would like to be a global international company, and who could imagine a better place to invest in?” Jensen said.

After the company’s last quarterly earnings blew past expectations, the AI chip giant, which specialises in chips coveted in the artificial intelligence boom, has seen its value hover around $1 trillion in recent weeks.

The CEO spoke after a meeting with the EU’s top tech official, Thierry Breton, at Nvidia’s headquarters in Silicon Valley.

“AI is about data; AI is about algorithms; and AI is about computing power,” said Breton after his meeting with Huang.

“Computing power is thanks to companies like Nvidia,” he said.

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