Nvidia expects $2 billion in European AI deals

Huang named Doctolib, Genesis AI, Pigment and Entalpic as French startups receiving fresh backing.[2] Doctolib said Nvidia’s backing would help it build AI tools; the company provides administrative tools to healthcare professionals and a platform patients use to schedule medical visits.[2][1] Genesis AI focuses on AI for robots, Pigment develops AI-powered business software, and Entalpic applies AI to chemistry and materials research.[1] Nvidia also agreed to buy a minority stake, but its size and value were not disclosed.[2]

Nvidia deployed $8 billion across the continent over the past year.[1] Dealroom reports that the planned $2 billion in deals would bring Nvidia’s commitment to Europe’s tech ecosystem to nearly $10 billion.[1][2] A separate measure of Nvidia’s stakes in companies that buy its chips reached $99 billion by July, up from about $7 billion a year earlier, Dealroom reports.[2] The company was also reported in September to be considering up to $10 billion as an anchor investor in Anthropic’s IPO.[2]

Huang argued that open models can be customized for languages and sovereignty, and presented them as Europe’s best route to narrowing its technological gap with leading U.S. AI developers.[1] Mistral’s Large 4 model was trained on 4,000 Grace Blackwell GPUs in European data centres; Dealroom reported that its weights were due to be published on October 27.[2] The evidence also points to a gap in notable model output: Semafor reports the United States and China had produced 59 and 35 notable AI models, while France and the United Kingdom had produced one each.[3]

Huang resisted calls to slow AI development, arguing that the technology can strengthen economies and be managed responsibly.[1] That position comes amid increasing public skepticism across Europe, including concerns about autonomous agents and data centres’ energy demands.[1] The Brussels AI Gigafactories tender, open since July, offers €10 billion in public backing for up to seven facilities, and Nvidia had signed letters of intent to supply hardware for it, Dealroom reports.[2] Those facts put the investment plans alongside a wider debate over AI infrastructure and its costs.