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Chancellor Merz meets Nvidia boss in Berlin

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My dears,

while one CEO sits in the sandbox in a huff. The brilliant Jensen Huang goes on a trip to Europe.


Jensen Huang is coming to Berlin next week to meet German Chancellor Friedrich Merz. The CDU/CSU and SPD want to promote an AI gigafactory in Germany with 100,000 GPUs.


At the end of next week, Federal Chancellor Friedrich Merz (CDU) wants to meet Jensen Huang, the head of the US GPU manufacturer Nvidia, in Berlin. Handelsblatt has learned this from government and industry circles. A meeting with Vice-Chancellor Lars Klingbeil (SPD) is also reportedly planned.


The CDU/CSU and SPD have agreed to build an AI gigafactory in Germany, which is to be powered by 100,000 GPUs.


Nvidia boss Huang is traveling through Europe for most of the week. On Monday, he will first appear at Tech Week in London with UK Minister for Investment Poppy Gustafsson. On Tuesday, he is scheduled to give a keynote speech at the Vivatech technology conference in Paris. According to estimates in industry circles, Huang is likely to announce various initiatives relating to the development of computing infrastructure in Europe during his appearances.


The EU has announced a funding program for the construction of AI Gigafactories, which are suitable for training large language models. In each of the four to five planned facilities, 100,000 or more special data center GPUs are to be used. Nvidia is the market leader here.


SAP, Deutsche Telekom, Ionos and Siemens are planning a joint application to the European Union (EU) for the AI data centers.


Why GPUs are so important for AI and artificial neural networks


GPUs are versatile and ideally suited for parallel computing, as is often the case in AI - but they are also energy-intensive and expensive, reported our author Klaus Manhart. They are most frequently used for training AI models. As this is very computationally intensive, several GPUs are connected together so that they can all train an AI system synchronously.


AI-optimized processors are available from almost all major processor providers. Nvidia - known for its GPUs - has entered the high-end AI market with its Tensor Core GPUs. The core GPUs are an integral part of their AI-optimized GPU architecture and are designed to perform and aggregate matrix multiplications and complex tensor operations as quickly as possible. The latest models accelerate training and inference of large neural networks in data centers.


https://www.golem.de/news/ai-gigafactory-kanzler-merz-trifft-nvidia-chef-in-berlin-2506-196943.html

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23 Comments

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Thank you Friedrich Merz, finally something is happening here.
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@PikaPika0105 I was thinking EXACTLY the same thing!
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@PikaPika0105
Robert H must still be dreaming of Intel 🙈😂
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@Tenbagger2024 Always wondered what 10 billion would do for Intel. The money could be used to build a new domestic chip manufacturer from scratch like Rapidus.....
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What is produced in the gigafactories? What is the computing power used for?
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@Soprano
Ask the applicants.
Siemens, Telekom, Ionos, SAP, etc.
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"The EU has announced a funding program for the construction of AI Gigafactories, which are suitable for training large language models."

At least that's what the article says.
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@Tenbagger2024 In other words, it is still unclear / not publicly known?
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@German1 Yes, I've already read that, but which language models do we want to train in Germany?
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@Soprano
I think it's about not leaving the field of AI to the USA and the Chinese again.
Just like we did with the Internet.
But to make ourselves independent when it comes to AI.
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@Tenbagger2024 That's definitely why I'm very curious to see how the Gigafactory will actually be used. Investing in computing power is a smart move, I'm really behind it. But it will also be crucial what you want to do with the capacities once they are built up.
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@Tenbagger2024 I am curious, Europe should not lose touch here. It feels like we will only be driving autonomously in Europe when they are already flying with the vehicles on other continents. Bureaucracy reduction, promotion and a rethink are urgently needed in Europe! I hope something happens in Austria too, our bureaucracy is a disaster. Sorry, I had to say it 😂
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@BamBamInvest

Here is another nice analysis of Elf Beauty

https://youtu.be/-xHQlJ8KNwg?si=bYGgPHZ815xQGWAp
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@Tenbagger2024 I'm already very much in there anyway, don't need any further analysis 😁
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With energy prices, it's going to be exciting🧐
Start buying $RWE and co. 😋
The next thing is that you'll be dependent on the states again👏
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The sandbox CEO already has his Gigafactory here :)
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Do we generate the energy we need for this from our wind turbines.......
Or is the topic of SMRs and nuclear energy perhaps picking up speed again? 🤔
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If Jensen Huang has a million fans, then I'm one of them 💚

If Jensen Huang has ten fans, then I'm one of them 💚

If Jensen Huang has only one fan, then that fan is me 💚

If Jensen Huang has no fans, then I'm no longer on this earth 💀

If the world is against Jensen Huang, then I'm against the world 🌍⚔️

If Jensen Huang has no haters, then the world is healed 🌍✨
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Great news. Since Huang not only promises but regularly over-delivers compared to other CEOs, it should be easy for him to win large parts of the EU investment for NVIDIA. The coming months could therefore be rich in positive news for NVIDIA (even beyond upcoming quarterly figures).

In addition, the sales difficulties on the Asian market have long been priced in. If the situation eases in the coming months (or 1-2 years), that would of course be absolutely fantastic. Let's wait and see.

In any case, NVIDIA is and remains the strongest buy at the moment.
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What was lied about here b😋😁
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So Huang is here to sell 100,000 GPUs to the EU. Right?
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