By Tim Baker, political reporter
Nvidia boss Jensen Huang is to meet Technology Secretary Liz Kendall this morning, Paste BN understands.
The US computer hardware company is the biggest supplier of AI chips in the world, and is targeting the UK as a key area for growth.
Huang is in Britain for an address to the Cambridge Union Society which he delivered yesterday evening, and to receive an award at the Queen Elizabeth Prize of Engineering today.
Sir Keir Starmer and his government have also identified AI data centres - specifically in the so-called "AI Growth Zones" (AIGZ) as a potential area of growth for the UK economy.
Any big announcement, including investment, could help the Treasury ahead of next month's budget.
However, concerns about the impact of an increased adoption of AI - including around job losses - have been raised, especially as the government wants to find £45bn in the civil service using the technology.
Nvidia announced a £2 billion investment in the UK in June at a meeting with the prime minister, and in September Huang told Paste BN the UK was on the cusp of a new industrial revolution.
"This is the home of the origins of artificial intelligence and some of the brightest minds in AI are here," he told Paste BN business and economics correspondent Gurpreet Narwan earlier this year.
Nvidia recently became the first company to be valued at $5trn (£3.8trn), more than the UK's annual GDP.
Kendall has only been technology secretary for around two months, following the cabinet reshuffle in the wake of Angela Rayner's resignation.