NVIDIA CEO’s next trip is likely to be to the EU, where he is set to visit Germany first to meet with the local leaders and announce a large-scale AI project.
NVIDIA Now Shifts Its Focus From Big Tech To State-Backed Demand For Its AI Equipment, Bagging In Billions of Dollars
There’s no doubt that Big Tech doesn’t appeal to NVIDIA and its revenue streams now, given that Jensen has shifted its focus towards catering to the needs of government-backed organizations, and this was pretty evident with his visit to the Middle East, where Team Green signed several multi-billion-dollar contracts with state-backed companies. Now, it seems like NVIDIA will shift its focus towards the EU, where the firm is expected to announce a large-scale AI facility in Germany, according to the media outlet Handelsblatt. Jensen will also meet the German Chancellor Friedrich Merz in Berlin.
According to the report, the EU wants to catch up in the AI race with the rest of the world, but the major hurdle the region faces is that it has no option other than NVIDIA for its chip needs. Team Green’s CEO, Jensen Huang, is expected to unveil a mega datacenter in Germany, utilizing 100,000 of NVIDIA’s high-end chips that are said to be around $30,000 a piece, bringing the project’s estimated cost to around $3 billion, just the equipment alone. This would mark Germany’s biggest AI venture, and for NVIDIA, another billion-dollar contract in the market, indicating that the demand is far from over.
Apart from just Germany, NVIDIA’s CEO is also expected to visit the UK, making an appearance at Tech Week, and then Paris, France to be the featured guest at Vivatech technology. During his EU tour, Team Green is expected to announce multiple projects focusing on the development of AI infrastructure, and this segment appears to be the next area of interest for Jensen and his company.
With the Middle East, EU, and America under NVIDIA’s influence, it won’t be wrong to say that Team Green has played a masterstroke move by capitalizing on demand coming from different states. This is the company’s broader commitment towards building AI infrastructure all over the world, which would gain the same significance as infrastructure for the internet or your amenities.
https://wccftech.com/nvidia-next-place-of-business-after-middle-east-is-the-eu/amp/
