At the "Invest in Germany" summit in Berlin, the federal government, despite early negative headlines, secured a partnership with AI firm Nvidia and new investment from Amazon.
At the "Invest in Germany" summit in Berlin, the federal government, despite early negative headlines, secured a partnership with AI firm Nvidia and new investment from Amazon.
By Kirsten Ripper & Euronews with AP
Published on 20/10/2026 - 20:10 GMT+2•Updated 20:44
Shortly before the investment summit in Berlin, Nvidia boss Jensen Huang delivered a sharp slap in the face to Germany. He said it pains him to see how far this economically advanced country has fallen behind. And the 63-year-old CEO of the world's most valuable company gave what he sees as left-behind Germany some blunt advice: "Just get to work!" ("Just get on with your work!")
Yet Jensen Huang evidently still believes in Germany, because at a fireside chat with Chancellor Friedrich Merz, a crucial AI deal was agreed, according to media reports. As first reported by Handelsblatt, the federal government intends to contribute a nine-figure sum in euros to the cooperation.
The combination of German engineering expertise and cutting-edge AI technology is expected to give Germany's economic base lasting strength, Merz and Huang stressed.
In total, the chancellor said, the investment summit in Berlin produced commitments worth 800 billion euros up to 2028. Some 200 company bosses gathered for the meeting.
Amazon to invest 16 billion euros in Germany
Another US corporation, internet giant Amazon, plans to invest around 16 billion euros in Germany in 2027, as was also announced at the investment summit in Berlin. A third of the money is to be channelled into expanding data centres for Amazon's cloud provider AWS.
According to Amazon, around 3,000 employees already work in Germany for its cloud services subsidiary AWS. The planned 4.8 billion euros for AWS in Germany will be invested primarily in the Frankfurt am Main area.
Averytin News Financial update.