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Germany's Merz touts defence, AI and chip investment drive in pitch to investors

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Germany's Merz touts defence, AI and chip investment drive in pitch to investors

Business News Tech AI Germany's Merz touts defence, AI and chip investment drive in pitch to investors

Germany's Merz touts defence, AI and chip investment drive in pitch to investors

Germany aims to quadruple its artificial intelligence computing capacity by 2030 as part of a broader push to strengthen technological competitiveness, he added.

Germany is investing heavily in sectors including defence, semiconductors and AI to boost its long-term productivity and economic sovereignty, Chancellor Friedrich Merz said on Tuesday as he pitched Europe's largest economy to investors in Berlin. "Our goal is to create the best possible parameters for you," said Merz at the event with representatives from companies including energy firm Vulcan Energy and defence company Helsing. Merz is seeking to attract investment from emerging industries as high prices, red tape and a sluggish recovery weigh on Germany's traditional industrial base.

Germany is already seeing positive economic effects from its policies, said Merz, pointing to stronger growth, rising foreign direct investment and increased startup creation. 40 billion) by 2028. , a harmonised European corporate framework, as soon as possible. Germany aims to quadruple its artificial intelligence computing capacity by 2030 as part of a broader push to strengthen technological competitiveness, he added.



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