Germany to announce AI partnership with Nvidia next week

Germany will announce an agreement with Nvidia next week to help its industry adopt AI, Handelsblatt reported. Chancellor Friedrich Merz and Nvidia CEO Jensen Huang are expected to present it Monday at the Invest in Germany summit in Berlin. Berlin is ready to spend several hundred million euros, mostly on computing power in Deutsche Telekom's AI cloud.

• Merz and Huang to present the deal Monday at the Invest in Germany summit
• Germany ready to spend several hundred million euros from a research fund
• Nvidia to supply chips and engineers; compute runs on Deutsche Telekom's AI cloud
• About a dozen German firms want in, including Siemens, Audi and Black Forest Labs