Google To Make $6.8 Billion AI Investment In UK Ahead Of Trump Visit
Google said Tuesday it was investing £5 billion ($6.8 billion) in the UK over the next two years to help power the country's AI drive, ahead of a visit by US President Donald Trump.
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Google announced on Tuesday a £5 billion ($6.8 billion) investment in the United Kingdom spanning the next two years to bolster the nation's artificial intelligence capabilities, just before US President Donald Trump's scheduled visit.
The investment will be directed towards "capital expenditure, research and development... and encompasses Google DeepMind with its pioneering AI research in science and healthcare," according to Google's official statement.
Tuesday also marks the inauguration of Google's data centre in Waltham Cross, eastern Hertfordshire, which was previously announced last year with a $1 billion commitment. A Google spokesperson confirmed to AFP that the newly announced funds would be additional to previously pledged amounts.
Later Tuesday, Trump is expected to arrive in Britain for his second state visit, during which Prime Minister Keir Starmer's government will extend elaborate courtesies to the influential American leader.
A senior US official revealed that Trump will be joined by a "significant" contingent of American technology executives when meeting with Starmer at the Prime Minister's country residence on Thursday.
According to US media reports, attendees will include executives from semiconductor giant Nvidia and OpenAI, the company behind ChatGPT.
"This visit will highlight a new science and technology partnership that will include billions of dollars in new investment," the US official informed reporters including AFP.
The two nations are anticipated to finalize agreements valued at approximately £10 billion, including arrangements to accelerate a new nuclear project's development and what British officials describe as "a world-leading tech partnership".
On Sunday, Starmer already welcomed plans from US financial institutions including PayPal and Citi Group to invest £1.25 billion in the UK.
The nuclear partnership aims to streamline regulatory approvals and secure several new private sector investment deals for nuclear projects, supporting the UK's energy security and net zero emissions objectives.