Nvidia Invests $1.16 Billion in UK Startups, CEO Criticizes Germany's Tech Progress

iconFLASH AI
Share
AI summary iconSummary
Nvidia CEO Jensen Huang announced $1.16 billion in funding for five UK startups during a London speech, including Prima Mente, Boltz, Foresight, Hiverge, and Riverlane. He also praised Nscale’s potential to become the UK’s most valuable company in a decade. Huang criticized Germany for falling behind in tech and warned about the UK’s view on startup failure. The move comes amid growing interest in AI + crypto news and broader crypto news trends.

This is a roundup of technology developments, led by Nvidia's investments in UK startups. Nvidia CEO Jensen Huang announced on Wednesday night that Nvidia was taking stakes in five UK startups. Huang spoke in a converted church in West London before politicians, investors, technology executives and journalists. The recipients are biotechnology companies Prima Mente and Boltz, project delivery platform Foresight, algorithm discovery startup Hiverge and quantum company Riverlane. Those companies and other UK companies that Nvidia is not naming will receive $1.16 billion from Nvidia. Huang told the founders, "We're not your largest investor, but we are your best investor."

Huang's London appearance was part of a European tour ahead of Nvidia's GTC event in Berlin next week. Earlier in the week, Nvidia announced that Nvidia was taking stakes in several French startups. Nvidia is expanding investments across the AI technology stack. Nvidia's funding recipients have included OpenAI, Anthropic, Intel and XAI. Dealroom says Nvidia has participated in 116 investment rounds so far in 2026, up from 12 in 2022.

Huang sought out Josh Payne, CEO of UK neocloud Nscale, in the London crowd. Huang told Payne that Nvidia had invested in Nscale and that Huang had attracted other investors to Nscale. Huang said Nscale could become the most valuable British company in a decade.

Nvidia has a near monopoly over the most powerful AI chips. Huang regularly engages with technology executives and world leaders. Huang is a frequent presence alongside US President Donald Trump at state dinners and visits.

Huang arrived around 40 minutes late for a media gathering outside the church after the speech. Huang said Huang had shared whiskey with Andy Burnham. Huang said Huang would meet German Chancellor Friedrich Merz "in a couple of days." Huang spoke to journalists for nearly an hour that evening. Huang said Huang had eaten only a "quarter of a quarter" of a sandwich that day.

Huang expressed confidence in Europe's prospects for succeeding with AI. However, Huang criticized Germany for falling behind technologically despite being one of the most technologically advanced countries. Huang also criticized attitudes toward entrepreneurial failure in the UK. Huang contrasted entrepreneurs who see opportunity in a one-in-a-million chance of success with what Huang called "999,000... reasons to fail" in the UK.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.