Nvidia has said it plans to invest £2bn into UK AI startups, in the latest big money funding announcement into the country from a US tech giant during President Donald Trump’s state visit.
Earlier this week the UK government announced it had struck a £31bn deal with US tech companies including Google, OpenAI and Nvidia to bolster the country’s AI infrastructure.
Now Nvidia — which produces the most powerful AI chips in the market and made $47bn revenue in Q2 2025 — is planning on channeling funds directly into UK startups. The company will target deals for companies based in hubs with “advanced AI infrastructure” including London, Oxford, Cambridge and Manchester, it said.
The UK has world-class universities, leading researchers and cutting-edge supercomputing, said Jensen Huang, CEO and founder of Nvidia in a statement.
“There has never been a better time to invest in the UK — AI is unlocking new science and sparking entirely new industries,” he added. “With new capital and advanced infrastructure, we are doubling down to empower the UK to lead the next wave of AI innovation.”
The announcement comes a day on from Huang telling reporters Nvidia had invested £500m in an all-equity deal into UK startup Nscale, which is building AI infrastructure capacity. He said that the company had an opportunity to make $50bn in revenue over the next six years.
Nvidia did not say over what time period the company would invest the capital, but Huang announced on Thursday the company would be investing in the next rounds of a host of the UK’s most hyped scaleups. Synthesia, Oxa, PolyAI, Wayve, Basecamp Research, Latent Labs and Revolut would all be recipients, Huang said.
AI startups in the UK have raised €2.1bn so far this year, according to Sifted data, already more than double the €1bn picked up across the whole of 2024.
While those figures lead other nations in Europe, they trail far behind that of the US tech companies. AI labs OpenAI, Anthropic and XAI have between them raised more than $50bn so far this year.
“Scaling AI companies in the UK has been challenging due to limited access to supercomputing, constrained venture capital outside London, rising energy costs and difficulty for VCs to access leading academic institutions, where many researchers are also entrepreneurs,” Nvidia said in a statement.
In June, Huang said the UK was the only major AI ecosystem in the world without its own AI infrastructure. He told reporters on Wednesday there was “no question” as to whether that had held UK startups back.