Spawning European AI competition! Jen-Hsun Huang announces spending another US$2 billion on 4 new start-ups

[Financial Channel/Comprehensive Report] NVIDIA CEO Jen-Hsun Huang is accelerating its deployment in Europe and announced that it will announce investment plans of more than US$2 billion (approximately NT$64 billion) in the next week. In addition to the US$8 billion (approximately NT$256 billion) invested in Europe in the past year, NVIDIA will continue to expand its local AI strategic layout.

He also announced a new round of financing for four new French startups, with investment areas covering medical care, enterprise business software, chemical materials and robotics. He also actively promoted open source AI models to help Europe narrow the gap with advanced AI technology in the United States.

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Foreign media reported that Huang Renxun revealed at an event in Paris on Tuesday (13th) that Huida will gradually announce a European investment plan of more than US$2 billion in the next week. After this trip to Paris, he will also go to London and Berlin to continue promoting the European market layout.

However, with the rapid development of AI technology, European society is increasingly doubtful about related risks, ranging from the possible loss of control of AI models to the impact of high-energy-consuming data centers on the environment. European countries and the UK are actively seeking to play a more important role in global AI governance.

Faced with external doubts about the development of AI, Huang Renxun clearly opposed calls to slow down the development of AI, believing that AI will bring benefits to the economy and can continue to advance under the premise of safety. He also called out to Europe, emphasizing that local countries need to actively participate in the development of the AI ​​industry and cannot be absent from this technology competition.

Huang Renxun is particularly optimistic about open source AI models, believing that such models are lower cost and more adaptable, and can help Europe narrow the gap with advanced AI technology in the United States. He pointed out that the open source model is of great significance, as enterprises and developers can customize it according to different languages ​​and sovereignty requirements, further expanding the scope of AI applications.

Huida already has a close cooperative relationship with Mistral AI, a French AI startup. Mistral AI focuses on the research and development of open weighted AI models. Huida not only participates in investment, but also provides acceleration chips for its data center. The latest model released by Mistral runs on 4,000 Grace Blackwell chips.

In addition to promoting open source AI, Huang Renxun also announced a new round of financing to four French start-ups Doctolib, Genesis AI, Pigment and Entalpic, covering fields such as medical services, enterprise software, chemical materials research and robotics, demonstrating Huida's focus on different AI application markets.

Among them, Doctolib was founded in 2013 and is one of the well-known French start-ups. It mainly provides administrative affairs processing services for doctors and medical workers. It has now become an important platform for European patients to make medical appointments. However, the company completed a secondary equity transfer of approximately 300 million euros (approximately US$345 million) earlier this year, corresponding to a valuation of approximately 3.6 billion euros, which is lower than the last publicly disclosed valuation of 5.8 billion euros in 2022.

Pigment develops enterprise business software driven by AI, Entalpic applies AI to chemistry and materials research, and Genesis AI focuses on robotic AI technology.

Among them, the field of robotics is particularly valued by Huang Renxun. He previously predicted that physical AI (Physical AI) represented by humanoid robots will become Huida's next huge market. The financing provided to Genesis AI also further extends Huida’s investment layout in Europe to the field of robotics.

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