Netherlands government in talks with Nvidia and AMD to supply hardware for a proposed AI facility
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In an effort to establish a possible AI facility, the Netherlands government has gone into talks with AMD and Nvidia, the US chip makers for an agreement to supply hardware and technological knowledge at its proposed AI facility. According to the country, a potential AI supercomputing facility is part of the Netherlands’ broader strategy to bolster AI research and contribute to EU efforts to strengthen Europe’s digital economy. The talks bring closer plans by the Netherlands to develop an AI facility In 2024, the Netherlands government disbursed $210 million for AI investments, with additional funding expected from European subsidies. According to the Netherlands economy minister Dirk Beljaarts, the Nvidia and AMD talks have increased the project’s chances of becoming a reality. The minister did not give any specific details about the talks. “Competition is fierce,” said the minister after meeting the two tech giants. “The whole world is after this technology and this deal brings building a Dutch AI facility a lot closer.” Beljaarts. The AI supercomputer facility aligns with the European Union’s broader goals of digital sovereignty and reducing reliance on external technology providers. The Netherlands’ partnership with Nvidia positions the country as a significant player in the AI industry and high-performance computing sector. The facility is expected to contribute to advancements in AI-driven research, benefiting various industries, including healthcare, logistics, and energy. The development comes at a time when AMD has just been downgraded by market watchers on fears the tech firm might not stand competition from giants like Nvidia. Morgan Stanley noted the possibility of tough competition from Nvidia to limit the company’s growth opportunities in the AI space was high. Before markets opened on January 8, HSBC issued a double downgrade for the AMD stock rating as the bank lowered its rating from buy to reduce…
Filed under: News - @ January 9, 2025 8:24 pm