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UK bets on sovereign compute at London Tech Week
- Opening London Tech Week, the Prime Minister announced a new sovereign-compute strategy: around £400 million to buy specialist AI chips and a plan to scale the national AI compute testbed into a full national capability, backed by a multi-billion-pound infrastructure programme.
- Global firms co-invested on the day: AMD committed £2 billion over five years (with Cambridge and Imperial), and Nebius pledged about £1.7 billion to build UK AI capacity and expand its London hub.
- For UK firms it points to cheaper, closer access to AI compute over time, and a government positioning itself as an active partner and customer, not only a regulator.