Nvidia CEO Jensen Huang said the chip-making giant plans to announce $2 billion in new European AI investments over the next week, according to Bloomberg.
During a Tuesday event in Paris, Huang said that the planned commitment would add to the $8 billion the company has invested in the region over the past year, Bloomberg reported.
"Europe needs to get in the race," Huang said.
Nvidia also announced Tuesday plans to invest in four French startups: Doctolib, Genesis AI, Pigment, and Entalpic. Across all of Europe, Nvidia said it has committed nearly $10 billion to the technology ecosystem to date.
The four startups operate across different areas of AI development. Pigment is an AI-powered enterprise software company, while Doctolib is a healthcare tech company that is building AI tools on top of its core platform. Genesis AI is an AI robotics startup building foundation models and hardware for general-purpose robots. Entalpic is an AI-native startup using generative AI for atomic-scale materials research.
Also on Tuesday, the company announced a $250 million commitment over five years to support UK agentic AI safety and security research.
The funding would provide $50 million in annual compute access, with a portion supporting BOLD, SOFAIR and Imperial College London researchers working on AI safeguards, secure agents, and robotics safety.
"AI capability and safety must advance together," Huang said in the Tuesday statement. "With this $250 million commitment, Nvidia will put accelerated computing in the hands of UK researchers to develop, test, and strengthen safeguards for increasingly powerful AI."
Huang has expressed optimism about AI development. Last month, he dismissed AI extinction fears as "doomsday narratives," following comments from former Anthropic researcher Jacob Coxon that the technology could kill humanity by the end of the decade.
Huang said there is a "0% chance" that 2030 would mark the end of the world.