Jensen Huang Pledges $2 Billion More for European AI as Nvidia Backs Four French Startups

Nvidia is extending its European push. Speaking at an event in Paris on Tuesday, CEO Jensen Huang said the company will announce more than $2 billion in investments in Europe over the coming week, on top of roughly $8 billion the chipmaker has deployed across the continent over the past year. After Paris, Huang heads to London and Berlin.

The first tranche went to four French startups spanning very different sectors: Doctolib, the medical appointment platform that is one of France's best-known startups — reportedly valued at about €3.6 billion in a secondary share sale earlier this year, down from €5.8 billion disclosed in 2022; Entalpic, which applies AI to materials discovery; Genesis AI, a robotics foundation-model company; and Pigment, which sells AI-powered business planning software to enterprises. Nvidia did not disclose the size of any individual investment, whether these are equity stakes or commercial partnerships, or a closing timeline — the announcement, for now, is a signal rather than a closed deal.

The selection maps onto the sectors where Huang argues AI is moving from demos to deployment: healthcare, industrials, robotics and enterprise software. It is also the same playbook Nvidia runs everywhere — fund the application layer, and the builders buy more GPUs. For the startups, the association with Nvidia functions as both capital and a distribution channel into the compute stack.

Huang paired the investments with an explicit ideological pitch: open source. "Europe needs to be in the game," he told the Paris audience, arguing that open models are cheaper and more adaptable to different languages and sovereign requirements than closed systems from a handful of US labs. Nvidia is an investor in and chip supplier to France's Mistral, whose latest open-weight model runs on 4,000 Grace Blackwell processors — a figure that gives a sense of the compute pull one European open-model champion can generate.

The timing is deliberate. Public skepticism toward AI is intensifying across Europe — over loss-of-control risk, data center energy consumption and labor displacement — and both the EU and the UK are positioning themselves for a bigger role in AI governance. Huang pushed back directly against calls to slow down, insisting AI will boost the economy and can be deployed safely.

For European founders, the week's announcements land as reassurance that the continent's AI build-out will not be starved of silicon or capital. For Nvidia, every euro committed to an application-layer startup is a hedge on the demand curve for the hardware that still generates nearly all of its revenue.