Big Tech companies pledge $42 billion in U.K. investments as U.S. President Donald Trump begins state visit | Fortune
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Big Tech companies pledge $42 billion in U.K. investments as U.S. President Donald Trump begins state visit | Fortune
"The investments from major players, including Microsoft, Google, Nvidia, and OpenAI, are part of a sweeping £31 billion ($42.3 billion) "Tech Prosperity Deal," aimed at building out the UK's AI infrastructure, funding data center projects and computer chips. The bulk of this investment comes from Microsoft, which unveiled a plan to spend almost $30 billion (£22 billion) over the next four years."
"At the heart of the company's push is a supercomputer in Essex, which will house over 23,000 GPUs in partnership with British-based AI infrastructure company Nscale, a project that CEO Satya Nadella says could accelerate the UK's economic growth by 10% within just five years. "As we make these investments, we are guided by a clear and bold vision, ensuring that both the United States and the United Kingdom remain at the forefront of cloud and AI innovation," Nadella said in a video statement."
President Donald Trump arrived in the United Kingdom accompanied by American tech CEOs who pledged $42.3 billion of investments in U.K. AI projects under a £31 billion 'Tech Prosperity Deal.' Major firms including Microsoft, Google, Nvidia, and OpenAI committed funds to build AI infrastructure, data centers, and chips. Microsoft plans nearly $30 billion over four years, including a supercomputer in Essex housing over 23,000 GPUs in partnership with Nscale. Microsoft allocates $15.5 billion for capital investments and $15.1 billion for operations, with pre-purchased electricity contracts. Microsoft leaders pledged accountable spending and projected a potential 10% uplift to U.K. economic growth within five years.
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