The head of AI chip giant Nvidia urged Europe to ramp up its artificial intelligence industry, saying the technology will affect all industries.
During a visit to Stockholm, Jensen Huang said, “Every single company will be an AI company eventually.”
“The important thing for us is to recognize that Europe needs to build out the entire stack,” he said, referring to the AI technology chain—from data centers to chatbots and other applications.
Huang told French media that his company had strategically invested $8 billion in Europe over the past year. Those investments include companies he believes could help expand Europe’s AI industry, such as British data center and AI cloud provider Nscale and Dutch cloud provider Nebius. He said Nvidia had another “couple of billion dollars in the pipeline” to “help Europe create the AI ecosystem.” Huang was in Stockholm for the launch of Sferical One, a Swedish supercomputer powered by Nvidia chips and designed to keep sensitive Swedish data and expertise in the country. During his visit, Volvo Cars also announced that it was expanding its partnership with Nvidia to improve safety technology in its planned self-driving vehicles.
The investments highlight Europe’s growing ambition to develop its own AI infrastructure, but they also expose a strategic contradiction—efforts to achieve technological sovereignty remain heavily dependent on American technology. The launch of Sweden’s Sferical One supercomputer demonstrates how European governments and companies are seeking greater control over sensitive data while relying on Nvidia’s advanced chips. For Europe, the stakes extend beyond economic competitiveness to national security, industrial resilience, and control over critical digital infrastructure. The next development to watch is whether European investment produces a genuinely independent AI ecosystem or deepens the continent’s reliance on U.S. technology giants. (AFP+EIR)
