NVIDIA (NVDA, Financial) has announced initiatives to bolster AI infrastructure in Europe, including a collaboration with French startup Mistral AI. CEO Jensen Huang revealed these plans at an event in Paris, emphasizing the need for European data centers to advance AI technology deployment. NVIDIA aims to expand the market for AI accelerators, essential for developing and running AI models, and is pushing for national-level deployments to help businesses leverage AI more effectively.
In France, NVIDIA will partner with Mistral to utilize local AI computing power, deploying 18,000 new Grace Blackwell chips at Mistral's Essonne data center, with plans to extend this service across Europe. In the UK, companies like Nebius Group and Nscale Global Holdings Ltd. will integrate thousands of these semiconductors into their platforms. Other countries, including Italy and Armenia, are also installing new hardware.
Across Europe, NVIDIA collaborates with 1.5 million developers, 9,600 companies, and 7,000 startups through its "startup program." NVIDIA's chips are central to building AI infrastructure, with the company working with cloud and telecom firms across Europe to address infrastructure gaps.
Jensen Huang noted that Europe plans to build over 20 "AI factories" in the next two years, some becoming "super factories" with over 100,000 chips, potentially tripling Europe's AI hardware capacity by next year. NVIDIA, headquartered in Santa Clara, California, has seen its fortunes rise, with quarterly revenues rivaling Intel's annual earnings, driven largely by AI accelerator chips used by major firms like Microsoft and Meta.
