US technology giant Nvidia has announced a \u00a32 billion investment in the UK\u2019s artificial intelligence start-up ecosystem.<\/p>\n
The company said the money will be used to expand AI infrastructure and provide capital to founders in major hubs including London, Oxford, Cambridge and Manchester.<\/p>\n
Nvidia founder and chief executive Jensen Huang said: \u201cThis is the age of AI \u2013 the big bang of a new industrial revolution.<\/p>\n
\u201cThe United Kingdom is in a Goldilocks moment, where world-class universities, bold start-ups, leading researchers and cutting-edge supercomputing converge.<\/p>\n
\u201cThere has never been a better time to invest in the UK \u2013 AI is unlocking new science and sparking entirely new industries.<\/p>\n
\u201cWith new capital and advanced infrastructure, we are doubling down to empower the UK to lead the next wave of AI innovation.\u201d<\/p>\n
The investment will be made in collaboration with venture funds Accel, Air Street Capital, Balderton Capital, Hoxton Ventures and Phoenix Court.<\/p>\n
Downing Street said the partnership would strengthen Britain\u2019s position as a global AI leader.<\/p>\n
Prime Minister Sir Keir Starmer said: \u201cNvidia\u2019s investment is a major vote of confidence in the UK both today and long into the future.<\/p>\n
\u201cBy backing our start-ups, empowering our researchers and connecting capital with talent, this partnership will create jobs, spark new industries and ensure the UK remains at the forefront of global AI leadership.\u201d<\/p>\n
The initiative comes amid long-standing concerns that scaling AI companies in Britain has been hampered by limited access to supercomputing, a concentration of venture capital in London, rising energy costs and barriers between investors and academic institutions.<\/p>\n
Nvidia said its investment will help to tackle those challenges and connect researchers, developers and entrepreneurs with the capital and computing resources they need.<\/p>\n
Sonali De Rycker, partner at Accel, said: \u201cWorld-class compute and fresh capital will empower the next wave of entrepreneurs and AI start-ups, create new jobs and further enable the UK to compete in the AI race.<\/p>\n
\u201cThe UK has long been a hotbed for AI talent, with a strong community of researchers, founders and world-class universities, and this new investment will supercharge the AI flywheel.\u201d<\/p>\n
Nathan Benaich, general partner at Air Street Capital, said: \u201cThe UK has world-class talent and research but the infrastructure has not kept pace.<\/p>\n
\u201cThis commitment aims to bridge that gap by providing UK founders with the resources needed to build globally significant AI companies.\u201d<\/p>\n
James Wise, partner at Balderton Capital, said: \u201cThe challenge facing us is how to overcome constraints like the cost of energy or ability to access compute.<\/p>\n
\u201cInvestment from firms like Balderton and companies like Nvidia will help smooth the path, so more global winners can be built and thrive here in the UK.\u201d<\/p>\n
Hussein Kanji, founder and partner at Hoxton Ventures, said: \u201cThe UK has the talent, research institutions and entrepreneurial drive to build world-leading AI companies \u2013 but turning breakthrough ideas into global impact requires collective action.<\/p>\n
\u201cWe\u2019re thrilled to partner with Nvidia to commit resources to help Britain\u2019s brightest founders commercialise their innovations and build the next generation of transformational AI companies.\u201d<\/p>\n
Saul Klein, founder and executive chairman of Phoenix Court, added: \u201cBritain has the science and the talent.<\/p>\n
\u201cThis collaboration with Nvidia puts capital and computing power in their hands to scale globally.\u201d<\/p>\n
Nvidia said the investment celebrates the \u201ctransatlantic partnership\u201d between the UK and US, coming shortly after its pledge to manufacture up to half a trillion dollars\u2019 worth of AI supercomputers in America.<\/p>\n","protected":false},"excerpt":{"rendered":"US technology giant Nvidia has announced a \u00a32 billion investment in the UK\u2019s artificial intelligence start-up ecosystem. The…\n","protected":false},"author":2,"featured_media":145938,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[18144,67249,67248,59,57,58,465,50,3352,5652,56,54,55,67247],"class_list":{"0":"post-145937","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-kingdom","8":"tag-ai-infrastructure","9":"tag-air-street-capital","10":"tag-balderton-capital","11":"tag-gb","12":"tag-great-britain","13":"tag-greatbritain","14":"tag-investment","15":"tag-news","16":"tag-nvidia","17":"tag-the-uk","18":"tag-uk","19":"tag-united-kingdom","20":"tag-unitedkingdom","21":"tag-world-class-universities"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/145937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=145937"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/145937\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/145938"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=145937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=145937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=145937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}