Nvidia rival Cerebras to invest billions in Europe’s AI infrastructure

US chipmaker Cerebras, an artificial intelligence semiconductor company that competes with Nvidia, said on Thursday it will invest “several billion dollars” in Europe to expand the computing capacity of its AI data centres across the continent.

The investment comes as European governments and companies race to build domestic AI infrastructure and reduce dependence on foreign cloud providers and computing resources.

Access to high-performance AI chips and data centres has become a key bottleneck in developing and deploying advanced AI models.

“This is a massive expansion” to meet the “rapidly growing” needs of European customers, Chief Executive Andrew Feldman told AFPin an interview on the sidelines of an artificial intelligence conference in Paris.