Nvidia eyes $100m investment in supercomputer

Nvidia eyes $100m investment in supercomputer

Nvidia Corp’s chief executive on Thursday said the company will spend at least $100 million on a supercomputer in the United Kingdom.


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.


Nvidia had also 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 UK-based chip technology firm Arm Ltd for $40 billion from Japan’s SoftBank Group Corp.


The deal faces pushback from Nvidia’s rivals; and is under regulatory scrutiny in the United Kingdom; the United States and also Europe.


ALSO READ: Qualcomm to invest in Arm as regulators threaten to block Nvidia’s $40 billion acquisition


To show its commitment to Arm’s UK operations, Santa Clara, California-based Nvidia said in October; it was building the UK’s most powerful supercomputer in Cambridge; where Arm is headquartered, to focus on solving healthcare; as well as artificial intelligence problems.

At The Six Five summit, Huang was asked about Nvidia’s investment plans in the United Kingdom; during a joint interview with Arm Chief Executive 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 UK; and researchers are also super excited about it.


About The Author

Osigweh Lilian Oluchi is a graduate of the University of Lagos where she obtained a B.A (Hons) in English, Masters in Public and International affairs (MPIA). Currently works with 1stnews as a Database Manager / Writer. [email protected]

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *