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


FILE PHOTO: A smartphone with a displayed Nvidia logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/File Photo

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."

(This story has been corrected to clarify that the Netherlands has held talks with Nvidia, not reached a deal, in paragraphs 1 and 4)

($1 = 0.9708 euros)

(Reporting by Bart Meijer and Toby Sterling; Editing by Kim Coghill)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Waymo discusses raising billions at over $100 billion valuation, the Information reports
Hacking group ‘ShinyHunters’ threatens to expose premium users of sex site Pornhub
X Corp sues social media startup over bid to claim 'Twitter' brand
US threatens countermeasures after EU fine on Musk's X
Bank of Canada wants stablecoins to be backed by high-quality liquid assets
Factbox-From trend to mainstay: AI to cement its place at the core of 2026 investment strategies
Data and AI firm Databricks valued at $134 billion in latest funding round
Business leaders agree AI is the future. They just wish it worked right now
Review: Defend a moving city in 'Monsters Are Coming' for PC and Xbox
Chip crunch to curb smartphone output in 2026, researcher says

Others Also Read