Nvidia, Deutsche Telekom strike €1B partnership

Nvidia is playing fast and loose with its war chest as it looks to build on its momentum as the chief benefactor of the AI boom. The company on Tuesday signed a €1 billion ($1.15 billion) partnership with Deutsche Telekom to set up an “AI factory” in Munich that aims to boost Germany’s AI computing power by 50%.The partnership comes at a time when the European tech industry has been calling on EU lawmakers to reduce their reliance on foreign infrastructure and service providers, and foster adoption of homegrown alternatives. At the same time, tech companies have been criticizing the bloc’s approach to regulating AI, arguing that the rules only serve to hold back innovation. Can Erurope do without USA companies ?