Jensen Huang says Nvidia invested $8 billion in Europe, with more in the pipeline

Nvidia has invested $8 billion in Europe over the past year and has another couple of billion dollars in its pipeline, chief executive Jensen Huang told AFP. The disclosure, published October 16, puts a financial figure behind his appeal for a European AI ecosystem. The additional investment remains prospective, separate from the total Huang said Nvidia had already invested.

Huang spoke at an event in Stockholm late on October 15, during a European tour that also includes a Nvidia-hosted conference in Berlin the following week. His starting point was a prediction about AI’s reach across business: “Every single company will be an AI company eventually. Every single industry will be impacted by AI.” That was his expectation for the technology’s eventual reach, not a description of adoption already achieved.

His recommendation for Europe covered the full technology chain. He urged the region to build the “entire stack,” meaning everything from data centers to chatbots and other applications. The term joins two parts of the industry: the underlying facilities that supply computing capacity and the software people use. Huang then discussed Nvidia’s role in financing European companies when he spoke to AFP.

We've strategically invested in different parts of that ecosystem, really high quality companies that we believe could help lift it, the whole ecosystem in Europe

Jensen Huang, speaking to AFP

Huang named Nscale, the British data-center and AI cloud provider, and Nebius, the Dutch cloud provider, as examples of companies Nvidia had invested in. Both sit on the infrastructure side of the chain he described, rather than the chatbot and application end. He offered them as examples within Nvidia’s European investment activity, not as a complete list of the companies receiving the money or a breakdown of the total.

Huang’s stated aim was to support businesses he believes can strengthen Europe’s wider AI industry. “We're helping Europe create the AI ecosystem,” he told AFP.