"Alphabet Inc.'s Google said it will invest 5 billion ($6.8 billion) over two years in the UK to help build an artificial intelligence economy in the country. The tech giant disclosed the plan just as US President Donald Trump is set to announce billions of dollars of economic deals during his visit to the longtime US ally this week. Trump is expected to travel with several US tech leaders including Nvidia Corp.'s Jensen Huang and OpenAI's Sam Altman."
"Britain's ruling Labour party has made AI services and infrastructure, including large new data centers, a key pillar of its economic growth strategy, although the government has been criticized for tax policies that restrict the growth of its tech companies. In July, the UK government announced a deal with Google's cloud business to upgrade its IT system and train civil servants."
Google will invest $6.8 billion over two years in the UK to help build an artificial intelligence economy, funding services across science, health care research and its London-based AI unit DeepMind. Part of the investment will fund advanced computing hardware for a previously announced $1 billion data center in Waltham Cross to support demand for search and maps. The commitment represents a small portion of Alphabet's global capital expenditure, which is expected to reach $92.6 billion in 2026. Other US tech firms including OpenAI and Nvidia plan multi-billion dollar UK data center investments amid a US presidential visit that includes a US-UK nuclear partnership.
Read at www.mercurynews.com
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