UK To Spend $127M in Global Race To Produce AI Chips

The UK government will spend $127m to try to win a toe-hold for the nation in the global race to produce computer chips used to power artificial intelligence. From a report: Taxpayer money will be used as part of a drive to build a national AI resource in Britain, similar to those under development in the US and elsewhere. It is understood that the funds will be used to order key components from major chipmakers Nvidia, AMD and Intel. But an official briefed on the plans told the Guardian that the $127m offered by the government is far too low relative to investment by peers in the EU, US and China. The official confirmed, in a move first reported by the Telegraph, which also revealed the investment, that the government is in advanced stages of an order of up to 5,000 graphics processing units (GPUs) from Nvidia. The company, which started out building processing capacity for computer games, has seen a sharp increase in its value as the AI race has heated up. Its chips can run language learning models such as ChatGPT.

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