AMSTERDAM – On Thursday, the Dutch government said it is in discussions with U.S. chip firms Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) about supplying hardware and technological knowledge for a possible artificial intelligence (AI) facility.
The Netherlands stated that it aims to build a facility where an AI supercomputer can contribute to research and development as part of broader EU projects to strengthen Europe’s digital economy.
Last year, the Dutch government set aside 204.5 million euros ($210 million) for investments in AI and plans to use European subsidies.
Economy Minister Dirk Beljaarts said the chances of realizing the project had increased as a result of the discussions, without giving specific details.
“Competition is fierce; the whole world is after this technology,” the minister said after a meeting with Nvidia in Silicon Valley.
“This deal brings building a Dutch AI facility a lot closer.”
($1 = 0.9708 euros)
Latest News on Advanced Micro Devices Inc (AMD) Stock Latest News on Nvidia (NVDA) Stock
Zabih Ullah is a seasoned finance writer with more than ten years of experience. He is highly skilled at analyzing market trends, decoding economic data, and providing insightful commentary on various financial topics. Driven by his curiosity, Zabih stays updated with the latest developments in the finance industry, ensuring that his readers receive timely and relevant news and analysis. Read Full Bio
