Netherlands and Germany allocate €40m for AI chip design

- The Netherlands and Germany are allocating €40 million over 20 months to support small teams using AI to design chips for training and running AI models.
- SPRIND competition programmes head Jano Kosterd told Reuters the project aims to speed up the chip development process by several orders of magnitude.
- This investment targets the current chip design timeline, which typically takes several years to complete.
- The initiative follows the creation of NADI this month, which received €500 million in state funding.
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