Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Germany's Merz inaugurates Nvidia supercomputer for research

    Germany's Merz inaugurates Nvidia supercomputer for research

    Published by Global Banking and Finance Review

    Posted on September 5, 2025

    Featured image for article about Headlines

    BERLIN (Reuters) -German Chancellor Friedrich Merz inaugurated a supercomputer powered by Nvidia chips on Friday that is the world's fourth-fastest, saying it helps Europe catch up with the leaders in AI, the United States and China.

    "We are today witnessing a historic European pioneering project," Merz said at the Juelich research centre in western Germany, the site of the installation of the Jupiter supercomputer, which was also assembled by French IT group Atos and German modular supercomputing company ParTec.

    He said the U.S. and China were leading the race towards an AI-driven economy, but "we in Germany and in Europe have all the opportunities to catch up and then to hold our own".

    The start of Jupiter's operations marks the first European supercomputer of the Exascale class, mastering one billion times one billion calculations per second, also making it the region's fastest.

    That amounts to the power of about 10 million standard notebook computers.

    European institutions are aiming to stay competitive against the U.S. in supercomputers, used in scientific fields from biotechnology to climate research, seeking to avoid over-reliance on digital services from overseas.

    Jupiter "will put Germany at the forefront of global high-performance computing and improve the conditions for the development of AI," said Ralf Wintergerst, head of digital business association Bitkom, adding that access to it should be made as unbureaucratic as possible for start-ups and established companies.

    (Reporting by Andreas Rinke; Writing by Friederike Heine and Ludwig Burger; Editing by Alex Richardson)

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe