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German Chancellor Friedrich Merz and NVIDIA CEO Jensen Huang signed a Joint Declaration of Intent on Monday, Oct 19, committing nearly $10 billion to support German startups and research. A private sector group plans to invest more than €850 billion through 2028, while a broader report forecasts up to €4.1 trillion in investment by 2035.
Nvidia CEO Jensen Huang urges German manufacturers to adopt artificial intelligence to re-engineer their struggling business model. Speaking Monday with Chancellor Friedrich Merz in Berlin, Huang stated that electrons will never replace atoms but AI can augment industrial capability. He emphasized Germany must keep its manufacturing knowledge local rather than exporting it.
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