Intel: UK revenue slashed by over £1bn as profit cut Tech Revenue at the UK arm of technology giant Intel has been slashed by almost $1.5bn (£1.1bn) as its profit was cut significantly during its latest financial year. The division of the US group has posted a revenue of $3.3bn for 2024, down from the $4.7bn it achieved in 2023. New accounts filed with Companies House [...]
Nvidia bets £11bn on UK AI with GPU deal, amid Trump state visit Tech Nvidia is pumping up to £11bn into Britain’s AI ecosystem in a move that will see the UK host Europe’s largest GPU cluster by 2026, with 120,000 of its latest Blackwell Ultra chips deployed across new data centres. The investment, unveiled late on Tuesday and timed to coincide with President Donald Trump’s state visit to [...]
The UK’s Tech Prosperity Deal is a high-stakes gamble Tech As President Donald Trump stepped on British soil, the two nations unveiled a landmark “Tech Prosperity Deal,” a pact aimed at cementing Britain’s position as a global leader in AI, quantum, and nuclear energy. Hailed by prime minister Keir Starmer as a “generational step change”, the agreement is underpinned by £31bn in private investment from [...]
Nvidia data centre opens in London Docklands as Starmer launches AI action plan January 14, 2025 London Docklands and Crawley will host some of Europe’s largest Nvidia AI platforms in two newly operational data centres, after Britain launched its’ AI Opportunities Action Plan this week New York-based cloud provider CoreWeave announced the opening of these sites as Keir Starmer’s government looked to pour more money into data centre infrastructure. Its London [...]
London maintains tech capital crown but New York threatens November 26, 2024 London has kept its title as the tech capital of the world in a closely-watched league table, while New York edged closer to reclaiming the crown.
Government hails £6.3bn ‘vote of confidence’ in UK data centres October 14, 2024 Keir Starmer’s government hailed billions of pounds of investment into UK data centres as a “vote of confidence in Britain” today, as ministers announced scores of deals during the flagship International Investment Summit. US firms Cyrusone, Cloud HQ, Coreweave and Servicenow revealed plans to inject a combined £6.3bn in funding into the UK’s data centre [...]
AI giant Coreweave in £1bn UK investment as London picked for new European HQ May 10, 2024 An American artificial intelligence (AI) group has announced plans to invest £1bn in the UK after opening a new office in London as its European headquarters.