On top of its $5B, mega investment in Intel (INTC), Nvidia announced on Thursday that it would be investing £2B ($2.7B) into the U.K.’s artificial intelligence startup scene.
Joining Nvidia in the investment will be a number of asset managers and venture capital firms, including Accel, Air Street Capital, Balderton, Hoxton Ventures and Phoenix Court, the tech giant said in a statement. The investments will be used to bring “new capital and advanced AI infrastructure” to major U.K. hubs like London, Oxford, Cambridge and Manchester.
“This is the age of AI — the big bang of a new industrial revolution,” Nvidia CEO Jensen Huang explained. “The United Kingdom is in a Goldilocks moment, where world-class universities, bold startups, leading researchers and cutting-edge supercomputing converge. There has never been a better time to invest in the U.K. — AI is unlocking new science and sparking entirely new industries. With new capital and advanced infrastructure, we are doubling down to empower the U.K. to lead the next wave of AI innovation.”
“NVIDIA’s investment is a major vote of confidence in the U.K. both today and long into the future,” said U.K. Prime Minister Sir Keir Starmer. “By backing our startups, empowering our researchers and connecting capital with talent, this partnership will create jobs, spark new industries and ensure the U.K. remains at the forefront of global AI leadership.”
Earlier this week, Nvidia said it and its partners — including U.K. AI startup Nscale — will be investing £11B in U.K. AI factories, with up to 120,000 of Nvidia’s Blackwell GPUs. Nscale, ChatGPT maker OpenAI and Nvidia are also establishing Stargate U.K., which will feature Blackwell Ultra GPUs operating in Nscale’s U.K. data centers by 2026.