London Tech Week 2026 was officially opened by Prime Minister Sir Keir Starmer today with back-to-back investment announcements from the UK Government and global technology leaders. 

Starmer announced a new national AI compute strategy that includes an investment of £400 million to purchase specialist AI compute capabilities. 

AMD announced a £2 billion investment in the UK over the next five years. This funding will support high-performance compute infrastructure in partnership with Cambridge University, research and development with Imperial College, and direct investments into UK startups.

Nebius is committing approximately £1.7 billion to build out AI capacity in the UK, with more infrastructure, customers and cloud capabilities for agentic and enterprise AI. This investment funds three new deployments of NVIDIA infrastructure, scaling up to 65 MW of capacity by 2027, and expands the company’s commercial and AI R&D hub in London. 

The Mayor of London, Sadiq Khan, unveiled a £12 million AI support package for small and medium-sized enterprises (SMEs). The program, developed by London & Partners,  will invest £4 million annually over three years to help London’s small businesses adopt AI through readiness assessments, expert mentoring, and tailored guidance.

It was also announced that The Prince of Wales will attend the event for the first time to highlight how data and technology can play a critical role in preventing homelessness, as part of the Homewards initiative.