Merz pitches defence, semiconductors and AI investment to investors in Berlin

At a Berlin investor summit, German Chancellor Friedrich Merz cited German companies’ pledge to invest more than €800 billion by 2028, Reuters reported. He pitched defence, semiconductor and AI investment as a way to bolster productivity and economic sovereignty, said Germany aims to quadruple AI computing capacity by 2030 and pledged to introduce EU Inc., a European corporate framework. The investment figure remains a pledge and the computing figure a target.