Tech chief insists AI could help boost struggling German economy

TechnologyBusiness & Finance
20 Oct 2026 • 3:46 PM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

Tech chief insists AI could help boost struggling German economy

  • Nvidia chief executive Jensen Huang has urged German automakers and manufacturers to rapidly adopt artificial intelligence to re-engineer the nation's struggling economy.
  • Speaking at an investment conference in Berlin alongside German Chancellor Friedrich Merz, Huang stated that the next wave of AI will be physical, transforming robotics, cars, and heavy industry.
  • Huang highlighted Germany's rich manufacturing data and engineering expertise as a vital national asset that must be leveraged during the current industrial revolution.
  • German Chancellor Friedrich Merz is seeking ways to revive economic growth following challenges including high energy prices, rising competition from China, and excessive bureaucracy.
  • Addressing European concerns over reliance on US technology, Huang advised Germany to utilise foreign technology while ensuring its data, values, and expertise remain within the country.

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