AMD is investing up to £2 billion into the UK over the next five years to boost AI research and innovation with expanded compute resouces.

AMD CEO and chair Dr Lisa Su announced a series of investments into the UK at London Tech Week, as well as collaborations aiming to support the UK’s AI ambitions with access to the foundational computing this transformation requires.

“The United Kingdom has the talent, research excellence and ambition to help lead the next era of AI,” Su said.

“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.”

The funding and collaborations will accelerate research and public-sector innovation with advanced computing power.

UK government leaders welcomed the announcement as it would support its overall AI ambitions.

“This investment is a major vote of confidence in Britain’s place as a global AI superpower. We’ve got the talent, the world-class universities and the ambition to lead, and partnerships like this help turn that potential into real progress,” chancellor Rachel Reeves said.

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“It will drive more cutting-edge research here in the UK, open up opportunities for people to build the skills they need for the jobs of the future, and speed up breakthroughs that can improve people’s lives and grow our economy.”

The UK government has continued to strike deals and partnerships with large tech conglomerates central to AI expansion, from computer chip firms to data centre developers, in order to supercharge its AI ambitions.