Nvidia CEO Jensen Huang announced €2 billion in new European AI investments. He made the announcement at an event in Paris. The investments add to $8 billion Nvidia has already invested in Europe over the past year. Nvidia also announced new funding for four French startups. Doctolib provides administrative tools for healthcare professionals. Genesis AI focuses on AI for robots. Pigment develops AI-powered business software. Entalpic applies AI to chemistry and materials research. Huang said Europe needs to get in the race. He held up open-source AI models as Europe's best route to narrowing the gap. Nvidia is a partner to French AI startup Mistral AI. Mistral's latest model was trained on 4,000 Grace Blackwell chips. Doctolib’s valuation dropped to €3.6 billion from €5.8 billion in 2022.
What it unlocks
Funding for Doctolib, Genesis AI, Pigment, and Entalpic in France.
- €2 billion in new European AI investments
- $8 billion invested in Europe over the past year
- €3.6 billion Doctolib valuation
- 4,000 Grace Blackwell chips
Sources