Nvidia, one of the most significant chip designers in the world, has been reported to have announced a UK-based $ 683 million investment in a UK-based company that collapsed from a cryptocurrency miner in 2024.
According to a report by Wednesday Bloomberg, Nvidia CEO Jensen Huang Says Investing in NSCALE, the AI’s Ai’s Ai of the Crypto mining company Arkon Energy, will be part of efforts to develop the UK infrastructure around artificial intelligence. NSCALE Spun Off Arkon in May 2024 to offer AI cloud services throughout Europe.
https://www.youtube.com/watch?v=Cl1NV-uxag0
The investment comes in the middle of a push by the UK government To develop the country’s AI infrastructure. Nvidia Says It will cooperate with the NSCALE to measure UK capacity at 60,000 GPUs, which will be included in some of the NSCALE data centers by 2026.
“Sovereign AI infrastructure is key to national resilience, economic growth and strategic autonomy,” NSCALE CEO Josh Payne said of the UK expansion. “This milestone deepens our commitment to providing critical AI infrastructure for the next industrial revolution.”
Related: Crypto startups are no longer accepted in the Nvidia accelerator program
Prime Minister’s plans for AI in the UK
In January, UK’s prime minister Keir Starmer the government said planned To adopt a plan with 50 recommendations “to get AI chances.” At this time, the NSCALE, Vantage Data Center and Kyndryl have made about a combined $ 17 billion towards investment.
Headquartered in California, Nvidia beat all major tech companies in Reach $ 4 trillion in market capitalization in July. Some experts have suggested climbing the stock price behind the milestone is driven by the investor’s confidence in a push towards technologies dealing with AI.
The milestone marked the nvidia appreciation only above the total market capitalization of all cryptocurrencies, which had Nag -Hover close to $ 4 trillion Since July.
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