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%.

Called the “Industrial AI Cloud,” the project will use more than 1,000 Nvidia DGX B200 systems and RTX Pro Servers with up to 10,000 Blackwell GPUs to provide AI inferencing and other services to German companies while complying with German data sovereignty laws.

Deutsche Telecom said early partners of the project include Agile Robots, whose bots will be used to install server racks at the facility, and Perplexity, which will use the data center to provide “in-country” AI infe

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