British Prime Minister Rishi Sunak is set to spend 100 million pounds ($130 million) to buy thousands of computer chips to power artificial intelligence amid a global shortage and race for computing power.

The Telegraphreportedon Aug. 20 that the United Kingdom aims to build an “AI Research Resource” by mid-2024 as part of Sunak’s plan tomake the country an AI tech hub.

The government is reportedly sourcing chips from makers NVIDIA, Intel and AMD, and it is understood that the science funding body UK Research and Innovation — which is leading the effort — is in the late stages of ordering 5,000NVIDIA graphic processing units(GPUs).

However, while $130 million has been allocated to the project, the funds are reportedly seen as insufficient to match Sunak’s AI hub ambition, meaning government officials could pressure for more funding in an upcoming November AI safety summit.

It follows a recent report that many companies are struggling to deploy AI due to available resources and technical obstacles.

In March, an independentreviewof the country’s AI computing capabilities said investment in the space is “seriously lagging” behind international counterpartsin the United Statesand European Union.

At the time, fewer than 1,000 NVIDIA chips were available for researchers to trainAI models— a panel recommended the U.K. make available at least 3,000 top-quality chips to meet immediate needs.

On Aug. 16, S&P Global’s global AI trendreportfound that many firms reported they’re not ready to support AI due to not having enough computing power, along with challenges managing data and security concerns.

While it’s still early days for AI, S&P senior research analyst Nick Patience said a deciding factor for who will lead in the space will be decided by who can support AI workloads.