Nvidia chief executive Jensen Huang has warned that artificial intelligence will become central to businesses across the world, urging European countries to strengthen their capabilities across the entire AI technology chain.

“Every single company will be an AI company eventually. Every single industry will be impacted by AI,” Huang said during an event in Stockholm, Sweden, on Thursday, October 15, 2026, as part of his European tour ahead of Nvidia’s GTC conference in Berlin.

Huang said Europe needed to develop the full AI ecosystem, including data centres, computing infrastructure, software and applications. His comments come as governments and businesses increasingly seek greater control over the technology and infrastructure powering AI services.

Speaking to Agence France-Presse, Huang said Nvidia had invested approximately $8 billion in Europe over the preceding year, with a further several billion dollars in prospective investments. He cited British data centre and AI cloud provider Nscale and Dutch cloud provider Nebius among companies in which Nvidia had invested to support the region’s AI ecosystem.

During the Stockholm visit, Huang participated in the launch of Sferical One, a shared AI supercomputer developed by Swedish technology and industrial companies using Nvidia systems. The platform is designed to support AI research and applications while allowing participating organisations to maintain control over sensitive data and computing operations within Sweden.

The initiative brings together major companies including AstraZeneca, Ericsson, Saab, SEB and Wallenberg Investments, with SKF as a strategic partner. Its planned applications span several sectors, including pharmaceutical research, telecommunications, defence, financial services and industrial development.

Huang’s European tour also comes amid broader efforts to expand AI infrastructure and attract investment into the region. Nvidia has announced further European investment plans, while governments and businesses are exploring how to build computing capacity and develop AI systems suited to local industries and regulatory requirements.

The Nvidia chief’s remarks underscore the growing importance of AI infrastructure, skills and investment to business competitiveness. As adoption expands, companies across sectors will face increasing pressure to assess how AI can support their operations, products and services.