Nvidia chief Jensen Huang unveiled plans Tuesday to announce €2 billion in fresh AI partnerships across Europe within days. The disclosure builds on $8 billion the chipmaker has already poured into the continent over the past year.
Huang made the remarks in Paris, launching a multi-city tour that will take him to London and Berlin. He also confirmed new backing for four French startups: Doctolib, Genesis AI, Pigment, and Entalpic.
“Europe needs to get in the race,” Huang told attendees at the Paris event.
The startups represent distinct corners of the AI ecosystem. Doctolib, founded in 2013, supplies administrative software to healthcare providers and has become a dominant booking platform for medical appointments. Genesis AI focuses on robotics, while Pigment builds AI-powered business tools. Entalpic applies machine learning to chemistry and materials science.
Huang pointed to open-source AI as Europe’s fastest path to closing the gap with American developers. Open models matter, he argued, because nations can adapt them for local languages and sovereignty requirements. That position aligns with Nvidia’s existing partnership with Mistral AI, a French firm producing open-weight models. Mistral’s latest release trained on 4,000 Grace Blackwell chips.
The timing carries significance. European skepticism toward AI has grown, with critics flagging autonomous agent risks and data center energy consumption. Huang has pushed back against calls to slow development, maintaining that the technology will bolster economies and that progress can proceed under responsible oversight.
The investment news follows Huang’s forecast last month that Nvidia will double its chip sales next year. He cited broad industrial and national AI spending as the engine for sustained demand. Nvidia has already guided for 70% revenue growth in the next fiscal year, with potential upside if supply chains can keep pace.
Not every Nvidia-backed startup has avoided turbulence. Doctolib’s valuation fell to €3.6 billion, roughly $4.2 billion, in a secondary share sale earlier this year. That figure sits well below the €5.8 billion assigned during its 2022 equity raise.
