UK plans to invest £100m for the development of AI chips internationally

The UK government will invest £100m in the production of chips necessary for artificial intelligence (AI), vying for a global position in the AI race alongside the US and other countries. The government plans to purchase key components from leading chip manufacturers Nvidia, AMD, and Intel. Although the investment is substantial, officials believe it is insufficient compared to the financial commitments made by the EU, US, and China. A majority of the funding will possibly be used to order up to 5,000 graphics processing units (GPUs) from Nvidia. While the UK government’s efforts are applaudable, critics fear the country’s efforts may be too little and too late, considering the UK accounts for only 0.5% of global semiconductor sales.