No Result
View All Result
Global Finances Daily
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
  • Login
Global Finances Daily
No Result
View All Result
Home Financial Markets

Nvidia chief says UK lacks digital infrastructure as Keir Starmer pledges £1bn for AI

June 9, 2025
in Financial Markets
0
UK Prime Minister Keir Starmer and Jensen Huang


Stay informed with free updates

Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.

Nvidia’s Jensen Huang has warned the UK lacks the digital infrastructure it needs to capitalise on its potential in artificial intelligence, as Sir Keir Starmer pledged another £1bn to expand Britain’s computing power for AI.

Speaking alongside the British Prime Minister at the opening of London Tech Week on Monday, Huang praised the UK for what he called its “Goldilocks” position of having “incredible” AI research talent and the biggest private investment in the technology outside the US and China.

“The [British AI] ecosystem is really perfect for take-off,” said Nvidia’s chief. “It’s just missing one thing. It is surprising: this is the largest AI ecosystem in the world without its own infrastructure.”

The comments came shortly after Starmer announced what he described as a “huge increase in the size and power of Britain’s AI engine” with an extra £1bn in funding to “scale up [the UK’s] compute power by a factor of 20”.

“We can be an AI maker, not an AI taker,” Starmer said, adding the digital infrastructure would help the UK use AI to improve public services.

The announcement comes as AI cloud providers Nscale and Nebius launched plans to build new facilities in the UK housing thousands of Nvidia’s latest chips, which will start coming online later this year.

Nvidia is looking to “sovereign AI” deals such as these, as well as much larger new contracts announced last month with governments in Saudi Arabia and the United Arab Emirates seeking to build vast data centres needed to handle AI workloads.

Big deals with countries would allow the semiconductor giant to diversify its business away from the small group of Big Tech companies, such as Microsoft, Amazon and Meta, that account for more than half its data centre revenues.

Nvidia on Monday announced it would launch a new AI Technology Centre in Bristol to train developers in building AI models, robotics and other skills.

It is also establishing a new body called the “UK Sovereign AI Industry Forum” with local companies including BAE Systems, BT and Standard Chartered, in an effort to accelerate AI adoption.

In addition, the Silicon Valley-based chipmaker is working with the UK’s Financial Conduct Authority and fintech start-up NayaOne to create a “digital sandbox” for testing AI in financial services.

Recommended

The UK is home to several prominent AI start-ups including Synthesia, Wayve and Quantexa, as well as many researchers working for Google DeepMind, which was founded in London more than a decade ago.

However, the UK’s funding gap with the US and China remains large. Private AI investment in the UK last year was $4.5bn, compared with $109.1bn in the US and $9.3bn in China, according to data from Stanford University’s 2025 AI Index Report.

This year, the UK unveiled its AI Opportunities Action Plan, written by venture capitalist Matt Clifford, which called for an increase in government-owned capacity to an equivalent of 100,000 of today’s Nvidia graphics processing units by 2030.

The extra £1bn in spending announced at London Tech Week will go towards expanding the UK’s AI Research Resource, a planned network of supercomputers that was launched in 2023 as part of a £300mn initiative at the UK-hosted AI Safety Summit at Bletchley Park.

The government on Monday also announced that all civil servants would undergo AI training from the autumn, with officials “tasked with assessing how they can use the technology to streamline their own work wherever possible”.

The government said it was part of plans to “create a civil service that will take more calculated risks”, with cabinet secretary Sir Chris Wormald saying he wanted them to consider how it “needs to evolve and reform”.

Additional reporting by David Sheppard

Video: Nvidia’s rise in the age of AI | FT Film
Editorial Team

Editorial Team

Related Posts

Trump’s tariff reversal sparked a market rally — but the violent swing in stocks is a warning of what lies ahead for investors
Financial Markets

Trump’s tariff reversal sparked a market rally — but the violent swing in stocks is a warning of what lies ahead for investors

January 22, 2026
Big Tech stocks haven’t been this cheap in months. These investors say it’s time to buy.
Financial Markets

Big Tech stocks haven’t been this cheap in months. These investors say it’s time to buy.

January 22, 2026
As gold retreats, here’s what’s needed to push prices back toward $5,000
Financial Markets

As gold retreats, here’s what’s needed to push prices back toward $5,000

January 21, 2026
'I don’t like what I’m seeing'
Financial Markets

‘I don’t like what I’m seeing’

January 21, 2026
GE’s stock has lost its bullish momentum. Can earnings provide the jolt it needs?
Financial Markets

GE’s stock has lost its bullish momentum. Can earnings provide the jolt it needs?

January 21, 2026
This stock-market indicator just flashed one of its most bullish signals since 2000
Financial Markets

This stock-market indicator just flashed one of its most bullish signals since 2000

January 21, 2026
Load More
Next Post
I Tried Kundal The Korean Hair Brand Viral On TikTok

I Tried Kundal The Korean Hair Brand Viral On TikTok

Popular News

  • Cybersecurity dominates concerns among the C-suite, small businesses and the nation

    Cybersecurity dominates concerns among the C-suite, small businesses and the nation

    0 shares
    Share 0 Tweet 0
  • How to Contact Hilton Customer Service

    0 shares
    Share 0 Tweet 0
  • Cash Sweep Accounts vs. Money Market Funds, HYSAs & CDs

    0 shares
    Share 0 Tweet 0
  • 5 Things to Know About the Seen Mastercard

    0 shares
    Share 0 Tweet 0
  • TAP Airline Portugal Partners: What to Know

    0 shares
    Share 0 Tweet 0

Latest News

Hyundai Motor’s Korean union warns of humanoid robot plan, sees threat to jobs

Hyundai Motor’s Korean union warns of humanoid robot plan, sees threat to jobs

January 22, 2026
0

Hyundai Motor’s Korean union warns of humanoid robot plan, sees threat to jobs

It's Not Just You, Microsoft 365 Is Down

It’s Not Just You, Microsoft 365 Is Down

January 22, 2026
0

Heads up, workers of the world: Microsoft 365 is currently down. Microsoft's flagship work suite, which includes tools like Microsoft...

Bitcoin Fresh Buyers Fight To Stay Above Water: Stabilization Or Capitulation?

Bitcoin Fresh Buyers Fight To Stay Above Water: Stabilization Or Capitulation?

January 22, 2026
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin has slipped below the $90,000 psychological...

SagaEVM Chainlet Halted Following $7M Exploit

SagaEVM Chainlet Halted Following $7M Exploit

January 22, 2026
0

Layer-1 blockchain protocol Saga has paused its SagaEVM chainlet after it suffered a $7 million exploit that saw unauthorized funds...

Global Finances Daily

Welcome to Global Finances Daily, your go-to source for all things finance. Our mission is to provide our readers with valuable information and insights to help them achieve their financial goals and secure their financial future.

Subscribe

  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • Editorial Process

© 2025 All Rights Reserved - Global Finances Daily.

No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers

© 2025 All Rights Reserved - Global Finances Daily.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.