On Thursday, Nvidia, the largest publicly traded corporation in the world, declared its intention to spend £2 billion (€2.3 billion) in artificial intelligence start-ups in the United Kingdom. The commitment coincides with several other IT companies promising to invest in the nation, particularly during US President Donald Trump’s visit to the UK. This week, the developments have made the country the hub of the AI world.
According to the government, the UK has won a number of investments totalling £150 billion (€172.2 billion) during Trump’s state visit, which will be distributed among the country’s energy, banking, and technology sectors and result in the creation of over 7,600 jobs. Microsoft committed £22 billion (€25.25 billion), while private equity firm Blackstone promised to spend £100 billion (€114.8 billion) over ten years.
Nvidia, along with partners CoreWeave, Microsoft, and Nscale, has committed to investing £11 billion (€12.6 billion) to assist in the construction of AI factories in the United Kingdom by the end of 2026. Additionally, it aims to advance quantum computing in the United Kingdom. The corporation recently promised to invest an additional £2 billion in the nation, which will be used to boost the startup environment.
According to Nvidia, the additional funding will be used to support economic expansion, advance cutting-edge AI technology, establish new businesses and jobs, and enable the UK to compete internationally in the AI industry.
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