(Bloomberg) — Nvidia Corp. Chief Executive Officer Jensen Huang projected that Europe’s artificial-intelligence computing capacity will increase by a factor of ten over the next two years, with more than 20 so-called AI factories in the works.
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“Europe has now awakened to the importance of these AI factories,” said Huang, whose company is supplying chips for virtually every major AI-computing project under construction on the continent. Several of massive data centers will have more than a gigawatt of capacity, potentially ranking them among the largest in the world, he said during a company event jointly held with the VivaTech tech conference in Paris.
“The researchers, the startups, your AI shortage, your GPU shortage will be resolved for you soon,” he said. “It’s coming.”
Europe lags behind the US in developing the infrastructure for AI and hasn’t matched the spending committed by other regions. Huang said at an event in London on Monday with UK Prime Minister Keir Starmer that a lack of infrastructure was holding back growth in a country that otherwise had the expertise and startups to be a global competitor in AI. His visits to London and Paris are part of a globe-trotting campaign to promote the adoption of AI and his company’s products.
While in Paris, Huang announced a raft of projects aimed at bolstering AI infrastructure across Europe. Nvidia is teaming up with Mistral AI to use local computing to run the startup’s services. “We’re going to build an AI cloud together,” Huang said.
An offering called Mistral Compute will tap 18,000 new Grace Blackwell chips from Nvidia. It will be developed in Mistral’s data center in Essonne, France, and the company plans to roll it out to other locations in Europe.
The chipmaker is trying to expand the market for AI accelerators — the processors used to develop and run AI models. Nvidia is pushing for countries to deploy technology on a national level and trying to make it easier for individual companies to get the benefits from AI.
In the UK, AI firms Nebius Group NV and Nscale Global Holdings Ltd. will use thousands of such semiconductors for their own platforms. Other countries, including Italy and Armenia, also are installing new hardware, Nvidia said.
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