Artificial Intelligence surge worries Trump amidst announcement of a sizable tech agreement worth millions between the U.S. and Britain
In a significant move to strengthen transatlantic ties, US tech giants have committed to large investments in the UK's artificial intelligence (AI) capabilities. The agreement, signed during Donald Trump's second state visit, was hailed as a great day for the special relationship.
The meeting took place at Chequers, the Prime Minister's country retreat, where Donald Trump and Sir Keir Starmer gathered to sign the multimillion pound tech deal. The US tech companies involved in this collaboration include Microsoft, Nvidia, OpenAI, Palantir, and Google.
Microsoft plans to invest around $30 billion, Nvidia more than €12 billion, Palantir up to €1.7 billion, and Google nearly €5.8 billion in the UK's AI infrastructure and data centers. These investments aim to build the largest supercomputer in the country and develop new AI technologies.
During his speech, Trump stated that the US is leading China and the world by a lot on AI, and that this agreement will help America and the UK to dominate the future of artificial intelligence. He also mentioned that AI data centres require a lot of electricity, but emphasised that the UK has the resources to support such projects.
Sir Keir Starmer, on the other hand, described the UK-US relationship as the "very foundation of our security, our freedom, and our prosperity". He conceded that the UK is not on the same scale as the US in terms of economy, but emphasized that it punches above its weight. The UK, he stated, has the only trillion-dollar tech sector in the West, outside of the US.
Moreover, Sir Keir Starmer mentioned that the tech deal, signed during Mr. Trump's second state visit, is a celebration of what has gone before. He also highlighted that the UK leads the world in expertise on quantum, AI, life sciences, financial services, and more.
The tech deal aims to create new government, academic, and private sector cooperation in areas such as AI. It is expected to deliver investments, jobs, and deals that will improve people's lives and strengthen the special relationship for years to come. The deal is expected to bring around £150 billion from big US companies into the UK.
The agreement also includes closer cooperation in nuclear power, further strengthening the transatlantic ties between the UK and US. Donald Trump described the transatlantic ties as "priceless". Sir Keir Starmer described the tech deal as a great day for the special relationship.
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