US semiconductor giant AMD today pledged a £2bn investment into the UK while neocloud Nebius committed £1.7bn to build out AI capacity in the UK.

Tech Secretary Liz Kendall will announce "strategic purchases" of semiconductor kit from UK companies at London Tech Week, aiming to build a £37B chip industry.

A year after declaring itself an “AI maker, not an AI taker,” the UK is delivering sovereign compute, showcasing breakthrough startup and enterprise AI deployments across biology,…