Nvidia commits to pouring £2 billion into UK-based AI start-ups' development
The UK has secured a significant boost in technology investment, with tech giants Nvidia, Google, Microsoft, and private equity group Blackstone pledging a combined total of £150bn during US President Donald Trump's visit.
Nvidia, the world's biggest public company, has announced a £2 billion investment in UK artificial intelligence (AI) start-ups. This investment will not only help create new companies and jobs but also foster economic growth and develop innovative AI technologies. The focus of Nvidia's partnership is on hubs including London, Oxford, Cambridge, and Manchester.
Nvidia's CEO, Jensen Huang, has been in Britain during the visit, attending events with the US president and other Silicon Valley bigwigs. As part of its new initiatives, Nvidia also aims to boost quantum computing in the UK.
Google has pledged a £5 billion investment in the UK, focusing on AI-driven jobs. The new investment will be used to create new companies and jobs, foster economic growth, and develop innovative AI technologies.
Microsoft has made a £22bn commitment during the same period. The private equity group Blackstone has pledged to spend £100bn over 10 years.
Nvidia plans to invest £11bn to help build UK AI factories by the end of 2026, with partners including CoreWeave, Microsoft, and Nscale. The venture capital investor Nvidia partners with to provide capital and AI infrastructure for startups, researchers, and developers is Accel, alongside Air Street Capital and other top UK-based funds in a £2 billion commitment to the UK AI startup ecosystem.
The UK government claims these investments will create more than 7,600 jobs. However, Nvidia's investment is facing challenges due to limited access to supercomputing, constrained venture capital outside London, rising energy costs, and difficulty for VCs to access leading academic institutions.
These investments will undoubtedly help the UK compete in the global AI market and position the country as a leading hub for technological innovation. The partnerships and investments announced during President Trump's visit are a testament to the UK's potential and the tech industry's confidence in the country's future.
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