US President Donald Trump lightened the mood at a London summit on Thursday, joking that artificial intelligence was “taking over the world” while admitting he knew little about the technology. The remark came as Trump joined UK Prime Minister Keir Starmer in hosting business and technology leaders during the president’s second state visit to Britain.
Among those present was Nvidia CEO Jensen Huang, whose company has become a driving force in the global AI boom.
“This will create new government, academic, and private sector cooperation in areas like AI, which is taking over the world,” Trump said, glancing toward Huang. “I don’t know what you’re doing here. I hope you’re right. All I can say is, we both hope you’re right.” The quip drew laughter from Starmer and attendees.
US and UK unveil “Tech Prosperity Deal”
The centrepiece of the event was the signing of a Tech Prosperity Deal, a new agreement designed to deepen cooperation between the two nations in emerging technologies. The partnership covers joint work on AI in healthcare, advances in quantum computing, and modernization of nuclear programs.
As part of the deal, Nvidia pledged to deploy 120,000 GPUs in Britain—the company’s largest rollout in Europe to date.
Nvidia and Intel forge $5 billion partnership
Separately, Nvidia announced a major $5 billion investment in Intel, paired with a collaboration on new AI-focused products. The companies plan to co-develop custom data centres for AI workloads and processors for personal computers.
Nvidia also committed to purchasing Intel stock at $23.28 a share, pending regulatory approval. Huang described the partnership as a “fusion of two world-class platforms,” combining Nvidia’s AI and accelerated computing capabilities with Intel’s CPUs and broad x86 ecosystem.
For data centres, Intel will design chips tailored to Nvidia’s infrastructure. For personal computers, it will manufacture processors that integrate Nvidia technology—an opportunity for Intel to reassert itself in a space where it has lost ground.
A boost for Intel
The partnership marks a potential lifeline for Intel, once the cornerstone of PC computing but now struggling after years of decline. The company missed the smartphone revolution and has lagged in the race to power AI. Meanwhile, Nvidia has surged to become the world’s most valuable company.
Markets responded quickly: Intel’s shares spiked 30% in premarket trading, while Nvidia rose nearly 3%.
Trump, adding humor before signing the US-UK tech pact, turned to Treasury Secretary Scott Bessent and quipped: “Should I sign this? Are you sure, Scott? If the deal’s no good, I’m blaming you.”
US regulators keep close watch on AI competition
While alliances between industry giants expand, Washington is also watching the sector closely. Speaking at a New York conference, Assistant Attorney General Gail Slater said the Justice Department is scrutinizing potential anticompetitive practices in AI, particularly around access to key data and infrastructure.
“A truly open-source model must be one that is not unilaterally maintained by a single vendor that exerts unwarranted influence and imposes restrictions,” Slater warned.
Her comments echo concerns raised under the previous Biden administration, which also investigated major tech firms’ relationships with AI startups. The message: regardless of political leadership, ensuring fair competition in AI remains a top priority for US regulators.
