Menu Close

Nvidia to invest at least $100 million in UK supercomputer, CEO says

Nvidia had said in October it planned to spend 40 million pounds, or about $55.6 million, on the project.

Nvidia Corp’s chief executive on Thursday said the company will spend at least $100 million on a supercomputer in the United Kingdom.

Speaking at The Six Five Summit, CEO Jensen Huang said Nvidia will spend “$100 million, just as a starting point” on the Cambridge-1 supercomputer.

Nvidia had said in October it planned to spend 40 million pounds, or about $55.6 million, on the project.

Nvidia is in the process of acquiring U.K.-based chip technology firm Arm Ltd for $40 billion from Japan’s SoftBank Group Corp. The deal faces pushback from Nvidia’s rivals and is under regulatory scrutiny in the United Kingdom, the United States and Europe.

To show its commitment to Arm’s U.K. operations, Santa Clara, California-based Nvidia said in October it was building the U.K.’s most powerful supercomputer in Cambridge, where Arm is headquartered, to focus on solving healthcare and artificial intelligence problems.

At The Six Five summit, Huang was asked about Nvidia’s investment plans in the United Kingdom during a joint interview with Arm Chief Executive Simon Seagars.

“Cambridge-1, that supercomputing center is, call it a $100 million, just as a starting point,” Huang said. “I mean, it’s a big investment. It is the most powerful supercomputer in the U.K., and researchers are super excited about it.”

(1 pound = $1.39 US Dollars)

(Reporting by Stephen Nellis in San FranciscoEditing by Chris Reese and Barbara Lewis)

Article: Nvidia to invest at least $100 million in UK supercomputer, CEO says

Leave a Reply

Your email address will not be published. Required fields are marked *

(UN General Assembly, 1948) The Universal Declaration of Human Rights: 1. All human beings are free and equal 2. No discrimination 3. Right to life 4. No slavery 5. No torture and inhuman treatment 6. Same right to use law 7. Equal before the law 8. Right to be treated fair by court 9. No unfair detainment 10. Right to trial 11. Innocent until proved guilty 12. Right to privacy 13. Freedom to movement and residence 14. Right to asylum 15. Right to nationality 16. Rights to marry and have family 17. Right to own things 18. Freedom of thought and religion 19. Freedom of opinion and expression 20. Right to assemble 21. Right to democracy 22. Right to social security 23. Right to work 24. Right to rest and holiday 25. Right of social service 26. Right to education 27. Right of cultural and art 28. Freedom around the world 29. Subject to law 30. Human rights can’t be taken away