Nvidia takes stakes in four French AI startups as it prepares $2 billion European push

  • Nvidia agreed to acquire minority stakes in four French technology companies.
  • Nvidia plans to unveil more than $2 billion in European investments.
  • Huang began Nvidia's European tour in Paris on October 13.

Nvidia has agreed to acquire minority stakes in French technology companies Doctolib, Genesis AI, Pigment and Entalpic, CEO Jensen Huang announced during a reception at Place Vendôme in Paris attended by French Economy Minister Roland Lescure and representatives from French technology companies. The investments span healthcare, robotics, financial planning and chemistry. Doctolib had previously confirmed Nvidia's minority investment would support development of its artificial intelligence tools, without disclosing financial terms or the stake's size. Huang began an intensive European tour in Paris on October 13 and said Nvidia would unveil more than $2 billion in European investment plans over the following week, in addition to about $8 billion already deployed in Europe. Huang's tour also included London and Berlin. Nvidia's market capitalization was reported at $5.44 trillion, while the existing record placed it between $5.44 trillion and $5.48 trillion following the Paris visit.

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