"Ruth Porat told BBC News in an exclusive interview that there were "profound opportunities in the UK" for its "pioneering work in advanced science"."
"Ms Porat said there was "now a US-UK special technology relationship... there's downside risks that we need to work on together to mitigate, but there's also tremendous opportunity in economic growth, in social services, advancing science"."
"She pointed to the government's AI Opportunities Action Plan as helping the investment, but said "there's still work to be done to land that", and that capturing the upside of the AI boom "was not a foregone conclusion"."
Alphabet will invest $6.8bn (£5bn) in the UK over two years focused on AI infrastructure and scientific research. The investment includes expansion and the official opening of a $1bn (£735m) data centre in Waltham Cross, Hertfordshire, and funding for London-based DeepMind. Company leadership described strong opportunities in the UK and noted a developing US-UK technology relationship with both risks and significant potential for economic growth and scientific progress. The government's AI Opportunities Action Plan aided the investment decision, though additional work is needed to secure benefits. Further US multi-billion investments are expected and the pound has strengthened amid investment flows.
Read at www.bbc.com
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