
Nvidia chief executive Jensen Huang has proclaimed the United Kingdom as a prime location for wealth generation in the tech sector, urging investors to turn their attention to British innovation. Backing Sir Keir Starmer’s push for artificial intelligence leadership and referencing recent state visits, Huang made clear his company’s ambitious plans, including a £2bn investment in British businesses. This pledge was made during an event in London attended by Sir Keir Starmer, who received a symbolic copy of the pioneering Nvidia supercomputer that contributed to the creation of OpenAI.
The announcement further highlighted the UK’s emerging status in the AI landscape as Nvidia unveiled a $500m (£369m) investment in Wayve, a home-grown driverless car firm. Huang described the British tech sector as a “target rich environment” and predicted that the nation’s first trillion pound company would be an artificial intelligence business.
The day’s developments coincided with the signing of a “tech prosperity deal” between Sir Keir Starmer and President Donald Trump. This historic agreement is set to crystalise £150bn of investment by US corporations into the UK, much of it destined for AI and disruptive technology. Nvidia’s initiative will involve collaboration with noted venture capital firms, including Accel, Air Street Capital, Balderton, Hoxton Ventures, and Phoenix Court for funding UK startups.
Jensen Huang, attending a high-profile banquet at Windsor Castle, also addressed Nvidia’s abandoned $40bn bid to acquire Arm, expressing “no hard feelings” despite regulatory opposition four years prior. In the wake of the UK’s rise as an AI hub, the company demonstrated its support by committing to supply tens of thousands of advanced chips for new British data centres.
Nvidia’s strategic moves are just one element of a broader technological realignment. The company also revealed a $5bn (£3.7bn) investment in chipmaker Intel, coming on the heels of the US government’s acquisition of a 10 per cent stake in Intel for $9bn under President Trump. This intervention, designed to preserve American semiconductor leadership and counterbalance Asian dominance, was described by analysts as a transformative boost for Intel. Shares in Intel soared by more than 25 per cent on the announcement, which will see Nvidia and Intel join forces on chips designed for data centres and personal computers.
The developments have not been without controversy. Critics have raised concerns about the role of government in private industry, and Intel faces scrutiny regarding international relations and management decisions. Huang, for his part, called the Nvidia and Intel tie-up “a fusion of two world-class platforms” capable of shaping the next chapter in computing history. With substantial financial commitments and continued collaboration across both sides of the Atlantic, the UK appears poised to become a global leader in the AI revolution.
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