The UK prime minister today reiterated the government’s intention of encouraging British startups to ”scale here” and “stay here”, as he announced plans to develop Britain’s sovereign compute offering, including a £400m chip plan.
Speaking at London Tech Week, Keir Starmer said that Britain was “uniquely placed to lead” the AI revolution.
His comments come as US semiconductor firm AMD announced a £2bn investment in the UK over the next five years and Dutch neocloud firm Nebius said it was committing £1.7bn to build out AI capacity in the UK.
The prime minister said: “Britain is the third largest technology economy in the world. Our startups have raised close to half of all European investment in tech this year.”
Starmer said Britain faced three choices on dealing with the rise of AI: either “stick our head in the sand”, “remove the guardrails completely” or the path of “backing British businesses creating the jobs and technologies of the future”.
