AMD, Nebius and Starmer pour billions into UK AI at LTW

This article was published on June 8, 2026 AMD committed up to £2bn and Nebius £1.7bn, while Keir Starmer added a £400m compute plan, as Britain bids to keep the AI build-out, and its startups, at home. London Tech Week opened the way these events increasingly do: with a leaderboard of investment pledges. By the end of the first morning, the UK had collected several billion pounds in AI commitments, most of it aimed at the unglamorous machinery of compute. Prime Minister Keir Starmer kicked off the keynotes with a new national AI compute strategy, including £400mn to buy specialist AI chips and expand the country’s computing capacity, part of a push he framed around keeping British firms able to “start here, scale here and stay here”. AMD committed up to £2bn over five years, backing high-performance computing with the University of Cambridge and Imperial College and taking direct stakes in UK startups, with chief executive Lisa Su on stage to announce it. Cloud provider Nebius pledged around £1.7bn to build out UK AI capacity, funding three new deployments of Nvidia infrastructure that will reach 65 megawatts by 2027 and expanding its London R&D hub. London’s mayor, Sadiq Khan, ad