Nvidia CEO, Jensen Huang, emphasized the need for the UK to have more computing capacity for AI to leverage its potential. Prime Minister Kier Starmer announced an additional £1bn investment to expand the country's sovereign AI computing infrastructure.
The UK possesses significant AI research talent and a large AI venture capital market but lacks its own AI infrastructure, according to Huang.
The £1bn in funding pledge by Starmer aims to increase the country's AI computing power significantly, with the goal of making the UK an AI creator, not just a consumer.
Nvidia is looking to establish 'sovereign AI' agreements and partnerships, including recent plans with Saudi Arabia and the UAE. The company is involved in various initiatives in the UK, such as launching an AI Technology Centre in Bristol and collaborating with financial services firms on AI testing environments.