Nvidia to invest in four German startups, deepens Siemens AI ties
Nvidia announced the investments at the Invest in Germany Summit in Berlin and signed a letter of intent with the German government on industrial AI models.
Nvidia said at the Invest in Germany Summit in Berlin on October 20 that it will invest in four German startups: Agile Robots, Avelios Medical, Mirelo AI and Reflex Aerospace, according to digitaltoday.co.kr. The company did not disclose the size of the investments.
Agile Robots develops AI robots for manufacturing, logistics and healthcare; Avelios Medical makes hospital operations software; Mirelo AI builds audio generation models for video; and Reflex Aerospace designs and builds satellites.
The same day, the German government signed a joint letter of intent with Nvidia on advancing industrial AI models. Nvidia also said it will expand its cooperation with Germany's Industry 4.0 Platform.
Siemens shows AI tools built with Nvidia
Siemens presented new AI solutions developed with Nvidia at its Erlangen factory on October 20. Siemens said the solutions can cut engineering work in production preparation by up to 85% and reduce costs by up to 20% through AI-based production planning.
Nvidia CEO Jensen Huang is scheduled to give a keynote in Berlin on October 22. Nvidia has previously said it plans to invest about $10 billion in companies, universities and research institutions across Europe, and Huang announced investment plans for four French startups during an earlier visit to France.
Quick answers
Which German startups is Nvidia investing in?
Agile Robots, Avelios Medical, Mirelo AI and Reflex Aerospace, announced at the Invest in Germany Summit in Berlin on October 20.
How much is Nvidia investing in the German startups?
Nvidia did not disclose the size of the investments.
When is Jensen Huang's keynote in Berlin?
Huang is scheduled to give a keynote in Berlin on October 22.