"Invest in Germany Summit" held in Berlin, Germany will join hands with NVIDIA to announce AI cooperation agreement

(Deutsche Welle Chinese website) The two-day "Invest in Germany Summit" will open in Berlin on Monday evening. German Chancellor Mertz will deliver an opening speech. About 200 representatives of large German and international companies are expected to attend the meeting.

Jensen Huang, CEO of US chipmaker Nvidia, will be one of the important guests at the summit. NVIDIA products are one of the cores of the current AI craze, and the German government hopes to use cooperation between the two parties to help Germany catch up in this field.

According to the German Handelsblatt report, German Chancellor Mertz and Huang Jen-Hsun plan to announce an AI cooperation plan at the summit. It is reported that the German federal government will invest hundreds of millions of euros, and Nvidia will provide engineers and chips. About ten German companies, including Siemens and Audi, will also participate.

On Friday night in Berlin, Huang emphasized the importance of Germany as a location for business. According to the "Daily Mirror" (Tagesspiegel), Huang Jenxun said: "Germany is our largest operating base in Europe."

He noted that being able to operate one's own services independently is crucial to achieving "digital sovereignty." Nvidia sells chips rather than terminal applications, and he believes that terminal applications should be developed and provided in Germany.

German government hopes to boost private investment

The German federal government hopes to use this summit to mobilize more private capital. German government insiders say public funding alone cannot modernize the country.

According to a study by Allianz Research, investment volume in Germany fell by 6.4% from 2019 to 2025. Over the same period, investment in other euro zone countries increased by 6.7%, and in the United States by 20.2%. The study attributes the decline in investment in Germany to high energy costs, heavy tax burdens and bureaucratic issues.

Jen-Hsun Huang: I am saddened that Germany is obviously lagging behind in the technological field.

In a recent interview, Huang Renxun talked about the current development status of Germany in key technology fields such as AI and said: "Nothing makes me sadder than seeing one of the most technologically advanced countries in the world falling far behind in the field of technology."

Huang believes that one reason may be the way Europe does things. "Perhaps it's because Europeans always think too much and overcomplicate things when they do things," he said. "Germany has so many talents, and it just works well." A video of his remarks was widely circulated on social media last weekend.

German Institute for Economic Research: Don’t have too high expectations for the summit

The German Institute for Economic Research (IW) warned that expectations for this summit should not be too high. The agency pointed out that Germany's high labor, energy and bureaucratic administrative costs are hindering investors from entering the German market.

IW Director Michael Hüther said in an interview with dpa: "It would be naive to think that this summit can change this situation in the short term. Companies will not choose Germany just to participate in a promotional event. The key is whether they can make money here."

He pointed out that if the government can quickly implement the reform agenda, the effect will be better.