Netherlands moves closer to AI facility with Nvidia agreement

The AI supercomputer project gains momentum.

New chip export rules may disrupt Nvidia's revenue growth and market dominance.

The Dutch government announced a deal with Nvidia on Thursday to provide hardware and expertise for a potential AI supercomputing facility. The planned facility is part of the Netherlands‘ broader strategy to bolster AI research and contribute to EU efforts to strengthen Europe’s digital economy.

Last year, the Netherlands allocated €204.5 million ($210 million) for AI investments, with additional funding expected from European subsidies. Economy Minister Dirk Beljaarts hailed the Nvidia agreement as a major step toward realising the project, emphasising the intense global competition for advanced AI technologies.

‘This deal brings building a Dutch AI facility a lot closer,’ Beljaarts said after meeting Nvidia representatives in Silicon Valley, although he refrained from disclosing specific details of the agreement.