Jensen Huang, CEO of NVIDIA (NVDA.US), announced his plan to establish the first AI cloud platform for industrial applications in Germany.

Speaking at the VivaTech conference in Paris, Huang stated that NVIDIA is expanding its plan to set up AI technology centers in seven European countries, aiming to collaborate with startups and build an AI ecosystem.

He also mentioned that the EU plans to collaborate with his company to establish 20 new AI factories; furthermore, NVIDIA will help raise Europe's AI computing capacity tenfold within two years.

Huang will travel to Berlin on Friday (13th) and is anticipated to meet with German Chancellor Friedrich Merz, Reuters quoted people familiar with the matter.
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