Germany is set to host Europe’s first industrial AI cloud after Nvidia and Deutsche Telekom announced a collaboration for the initiative.

From AI to blockbuster weight-loss drugs, Europe’s forward-thinking companies punch above their weight. For the first time, Fortune analyzed the top companies across the continent in partnership with Statista to find the standouts that are driving progress with success.

Nvidia and AI search firm Perplexity said they are joining hands with model builders and cloud providers across Europe and the Middle East to refine sovereign large-language models (LLMs) and accelerate enterprise AI uptake in local industries.

Nvidia Corp. Chief Executive Officer Jensen Huang projected that Europe’s artificial-intelligence computing capacity will increase by a factor of ten over the next two years, with more than 20 so-called AI factories in the works.

Together AI has said it is also deploying its inference stack on hyperscalers, including AWS. On its website, the company says it has access to data centers and power in 25+ cities – including 150MW in Europe across the UK, Iceland, France, Portugal, Spain, and Germany.

Wearing his signature biker jacket and mobbed by fans for selfies, the Nvidia CEO cut the figure of a tech rockstar as he took the stage at VivaTech in Paris. “AI is the greatest equalizer of people the world has ever created,” Huang said, kicking off one of Europe’s biggest technology industry fairs.

From generative AI to autonomous vehicles, European tech startups are breaking new ground — and grappling with the challenges posed by US tariffs, hostility to the continent's regulatory regime and fierce competition from China.

Absence makes the heart grow fonder — and that seems to be the case with European demand for funds that invest in artificial intelligence. According to Morningstar, the largest market for funds that invest in AI and big data are in Europe,

The chip giant and AI search startup are offering specialized AI models for European users, aiming to widen their reach in the region.

Nvidia and artificial intelligence search firm Perplexity on Wednesday said they are partnering with more than a dozen AI firms in Europe and the Middle East to refine those firms' AI technologies and distribute them to local businesses.

Mistral AI partners with Nvidia to launch European AI infrastructure platform, challenging US cloud giants while unveiling breakthrough reasoning models that rival OpenAI.