CEO Jensen Huang revealed the plan for a supercomputer in the UK and said there is more to come.
Nvidia’s chief executive officer said the company will spend at least $100 million on a supercomputer in the United Kingdom, Reuters reported. Speaking at The Six Five Summit, CEO Jensen Huang said Nvidia will spend “$100 million, just as a starting point” on the Cambridge-1 supercomputer.
The Six Five Summit is a 100% virtual, on-demand event featuring the latest developments and trends in digital transformation. IFuturum Research and Moor Insights & Strategy organize the event. The event showcases an exciting lineup of leading technology experts. Their insights “will help prepare you for what’s now and what’s next in digital transformation,” according to its organizers.
Nvidia had said in October it planned to spend 40 million pounds, or about $55.6 million, on the project. Nvidia is in the process of acquiring U.K.-based chip technology firm ARM for $40 billion from Japanese SoftBank Group. The deal, however, faces push-back from Nvidia’s rivals. It is also under regulatory scrutiny in the United Kingdom, the United States and Europe.
Nvidia is doubling down on its backing of Arm UK
Nvidia said in October it was building the U.K.’s most powerful supercomputer in Cambridge. That is where Arm’s HQ is, and where they focus on solving healthcare and artificial intelligence problems. The announcement was a show of Nvidia’s commitment to Arm’s U.K. operations.
Huang was asked about Nvidia’s investment plans in the UK during a joint interview with Arm CEO Simon Seagars.
“Cambridge-1, that supercomputing center is, call it a $100 million, just as a starting point,” Huang said. “I mean, it’s a big investment. It is the most powerful supercomputer in the U.K., and researchers are super excited about it.”