Reflex Aerospace
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- Nvidia expands Europe AI investment, backs four German startups
According to a report carried by 36Kr citing Sina Finance, Nvidia is increasing investment in Europe's AI sector and has announced a plan to back four German startups: Agile Robots, Avelios Medical, Mirelo and Reflex Aerospace. The program, aimed at companies, universities and research institutions across Europe, was formally presented on Monday at a German investment summit in Berlin, and is described as part of the chipmaker's previously pledged Europe investment plan totaling nearly $10 billion. The report adds that Germany is currently working to strengthen its position in industrial AI, and that Nvidia did not disclose the specific amount of this program.
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