"I am giving you money!" Nvidia's CEO wants every country to build its own AI

AxiosOctober 21, 2026en

Nvidia CEO Jensen Huang is crisscrossing Europe with a multibillion-dollar checkbook and a grand ambition: Make his company the indispensable backbone of the global AI economy. Why it matters: As fears of an AI bubble rattle Wall Street, Huang is working to spread the boom beyond the U.S. and China — courting governments, bankrolling startups and cultivating massive new markets for Nvidia's chips. The big picture: The godfather of AI is trying to single-handedly build a new market for Nvidia chips, betting that governments and institutions around the world will want their own, highly customized data centers running open models. If it works, it could shore up demand for Nvidia chips just as a

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