Nvidia CEO Huang: Europe has now awakened to the importance of AI data factories

• Europe has now awakened to the importance of AI data factories.
• We are building AI technology centers in seven different countries.
• Europe is building 20 more AI factories that are gigafactories.
• In two years, Europe’s AI computing capacity will increase by a factor of 10.

Last week, we got reports that Nvidia was going to announce the biggest AI factory in Germany this week. The EU wants to catch up in the AI race but it has no other options than Nvidia for its chip needs. Nvidia is the leader in the AI race and this technology will certainly impact positively productivity and growth.

This article was written by Giuseppe Dellamotta at www.forexlive.com.