Netherlands in Talks with Nvidia and AMD for Potential AI Supercomputer Facility

Netherlands secures Nvidia's supply for possible AI-facility

AMSTERDAM (Reuters) - The Dutch government said on Thursday it had reached a deal with Nvidia for the supply of hardware and technological knowledge for a possible artificial intelligence (AI) facility. The Netherlands 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, while it also aims to use European subsidies. Economy minister Dirk Beljaarts said chances of realizing the project were increased significantly through the agreement with Nvidia, 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."

Netherlands Secures Nvidia's Supply for Possible AI-Facility

AMSTERDAM (Reuters) - The Dutch government said on Thursday it had reached a deal with Nvidia for the supply of hardware and technological knowledge for a possible artificial intelligence (AI) facility. The Netherlands 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, while it also aims to use European subsidies. Economy minister Dirk Beljaarts said chances of realizing the project were increased significantly through the agreement with Nvidia, 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."

Netherlands holds supply talks with Nvidia, AMD on AI-facility

(Corrects to make clear the Netherlands has held talks with Nvidia, not reached a deal, in paragraphs 1 and 4) AMSTERDAM (Reuters) -The Dutch government said on Thursday it is in discussions with U.S. chip firms Nvidia and AMD about suppling hardware and technological knowledge for a possible artificial intelligence (AI) facility. The Netherlands 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, it said in a statement. Last year the Dutch government set aside 204.5 million euros ($210 million) for investments in AI, while it also aims to use European subsidies. Economy minister Dirk Beljaarts said the chances of realising 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) (Reporting by Bart Meijer and Toby Sterling; Editing by Kim Coghill)

Netherlands strikes deal with Nvidia for AI supercomputing hub

Dutch government cozies up with US tech giants in Silicon Valley visit this week The Dutch government has reached a deal with Nvidia to supply hardware and expertise for the construction of an AI facility in the Netherlands. The facility will centre around an AI supercomputer aimed at accelerating research and development, as the country pushes to further digitalise its economy, according to a statement made Thursday. The Dutch Minister for Economic Affairs Dirk Beljaarts is currently in Silicon Valley, where he is meeting with executives at Nvidia. The world's second most valuable company, Nvidia is a world leader in graphics processing units (GPUs) for artificial intelligence applications. "Before a shovel can go into the ground, we need to be sure that the required knowledge and hardware is available," said Minister Beljaarts. "Today the Netherlands has taken an important step together with Nvidia. This brings the construction of a Dutch AI facility a lot closer." The ministry didn't provide a timeline or specific details for the AI facility. Nvidia declined our request for comment. The Netherlands, which ranked in the top 10 most digitised countries globally last year, is pushing to position itself as a leader in AI. In January last year, the government ringfenced over €200mn to boost local investment in the technology. "Asia and the US have taken the lead [in AI] and Europe will have to catch up," said the former economic affairs minister Micky Adriaansens at the time. Key priorities of the government's strategy include fostering AI talent, building infrastructure, ensuring safe applications, and enabling cooperation through entities like the Dutch AI Coalition. Last year, the Benelux nation also embarked on building its own "safer" large language model (LLM), called GPT-NL. To execute its plans, the Netherlands is going to need more computing power to train AI machines. Aside from Nvidia, Beljaarts is also meeting with chipmaker AMD. The Minister is also in California to "strengthen relations" between Dutch and American technology companies more broadly, the government said.

Netherlands Is Holding Talks With Nvidia on Dutch AI Facility

The Dutch government said it is holding talks with Nvidia Corp and Advanced Micro Devices Inc. regarding support for the construction of an artificial intelligence facility in the Netherlands. The facility will focus on the development and application of AI with the help of a supercomputer, according to a statement on Thursday. "Discussions were held with Nvidia about the delivery of hardware and support with knowledge in creating the required infrastructure," it said.

Dutch Government Secures Nvidia Deal for AI Facility: Report

The facility aims to bolster Europe's AI capabilities and contribute to cutting-edge research. The Dutch government has reportedly reached a deal with Nvidia to supply hardware and technological expertise for a potential artificial intelligence (AI) supercomputer facility. This initiative is part of the Netherlands' broader effort to build a facility where an AI supercomputer can contribute to strengthening Europe's digital economy and boosting AI research and development, according to a Reuters report. Also Read: Denmark Launches Sovereign AI Supercomputer Gefion with Nvidia Economy Minister Dirk Beljaarts confirmed the agreement, noting it significantly increases the likelihood of realising the AI facility. He acknowledged the fierce global competition for AI technology but stressed that the deal brings the project much closer to reality. "Competition is fierce, the whole world is after this technology," the minister reportedly said after a meeting with Nvidia in Silicon Valley. "This deal brings building a Dutch AI facility a lot closer," he added. The Netherlands had previously allocated EUR 204.5 million for AI investments in 2024, with additional European subsidies expected to support the initiative, the report said. The facility aims to contribute to EU-wide efforts to enhance AI capabilities and digital infrastructure. Also Read: Denmark Launches Guidelines for AI Implementation in Europe with Microsoft In October of last year, another European nation, Denmark, in collaboration with Nvidia, inaugurated the country's largest AI supercomputer, Gefion. It is equipped with 1,528 Nvidia H100 Tensor Core GPUs and interconnected using Nvidia Quantum-2 InfiniBand networking. Operated by the Danish Center for AI Innovation (DCAI), which received funding from the Novo Nordisk Foundation and the Export and Investment Fund of Denmark, Gefion seeks to advance research in quantum computing, clean energy, biotechnology, and more.

Nvidia Teams Up with Dutch Government to Build Cutting-Edge AI Supercomputer Facility - NVIDIA (NASDAQ:NVDA)

Potential US semiconductor sanctions could impact global chip access, but allies like the Netherlands remain in Tier 1 with full access. On Thursday, the Dutch government inked a hardware and technological expertise deal with Nvidia Corp NVDA over a potential artificial intelligence (AI) facility. The Netherlands targets a facility for an AI 'supercomputer' that could potentially contribute to research and development. In 2024, the Dutch government earmarked 204.5 million euros ($210 million) for investments in AI. Also Read: Nvidia Highlights AI Chips Powering PUBG, Robotics 'ChatGPT Moment,' Automotive Expansion And More At CES Event The Nvidia deal coincided with reports indicating the Biden administration eying additional semiconductor sanctions on allies and non-allies before passing the torch to the Trump administration on January 20. Washington could impose three tiers of chip curbs, Bloomberg reported, citing unnamed sources familiar with the matter. ASML Holding ASML of the Netherlands emerged as a key AI beneficiary, backed by its lithography portfolio and scalable EUV (Extreme Ultraviolet) technology, which helped contract chipmakers like Taiwan Semiconductor Manufacturing Co TSM manufacture high-performance chips for Nvidia's AI processors. The semiconductor equipment maker projected annual sales of $46.51 billion - $63.43 billion (44 billion euros - 60 billion euros) by 2030 and a gross margin target of 56%-60%. It expects global sales to surpass $1 trillion by 2030, backed by the integration of AI across industries. Price Action: NVDA stock closed lower by 0.02% at $140.11 Wednesday. Also Read: Intel Partners with Amazon Cloud to Drive Next-Gen Smart Vehicle Tech, Wins Stellantis, Karma Auto As Clients Photo via Shutterstock NVDANVIDIA Corp$138.54-1.14%Overview Rating:Good75%Technicals Analysis1000100Financials Analysis600100WatchlistOverviewASMLASML Holding NV$739.00-2.45%TSMTaiwan Semiconductor Manufacturing Co Ltd$206.28-2.43%Market News and Data brought to you by Benzinga APIs