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(Sharecast News) - American semiconductor giant AMD announced a commitment to invest 2bn in the UK over the next five years to accelerate AI innovation and research.
Chancellor Rachel Reeves said the announcement was a "major vote of confidence in Britain's place as a global AI superpower".
AMD, formally known as Advanced Micro Devices, unveiled new partnerships with Imperial College London and Oriole Networks that it said will help advance AI, quantum and next-generation computing research.
To coincide with the start of London Tech Week, AMD said it would work with Imperial to advance computational science that relies on large-scale computing resources, including healthcare innovation and climate modelling.
Meanwhile, its work with Oriole Networks will support the UK's Advanced Research and Invention Agency (ARIA) Scaling Inference Lab, which is designed to address critical AI infrastructure bottlenecks.
"The UK has the talent, research excellence and ambition to help lead the next era of AI," said AMD chair and chief executive Lisa Su.
"AMD is proud to deepen our commitment to the UK and work with partners across government, academia and industry to expand access to the compute infrastructure needed to advance sovereign AI, accelerate discovery and drive long-term economic growth."
Separately, the Department for Science, Innovation and Technology announced on Monday a new 'AI Hardware Plan', pledging 1.1bn to back firms developing the chips and semiconductor technologies behind AI.
A new fund led by Silicon Valley investors Playground Global and backed by up to 150m from the British Business Bank will invest in UK-based AI hardware companies, the government said.
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