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Nvidia-backed U.S. AI firm Runway to set up European headquarters in London

U.S. AI company Runway will make London its European headquarters and invest more than $200 million in the UK artificial intelligence ecosystem by the end of 2028. CNBC reported that the company plans to expand its European business and research organisation from London. Runway recently raised $315 million in a Series E round that included General Atlantic, AMD Ventures and Nvidia, valuing it at $5.3 billion.