United States and Great Britain strike £31 billion technology partnership during Trump's visit
The UK and US have agreed to a significant partnership, known as the "Tech Prosperity Deal". This landmark agreement sees top American tech firms committing a combined £31 billion ($42 billion) in investments towards expanding Britain's digital infrastructure.
Microsoft is leading the charge, announcing an additional £22 billion investment to bolster cloud and AI infrastructure. A highlight of this investment is the establishment of Britain's largest AI supercomputer in Loughton, north-east London.
Nvidia, a leading chipmaker, is also joining the fray, deploying 120,000 graphics processing units across Britain, marking its largest rollout in Europe to date.
Other notable firms making commitments include Salesforce, Scale AI, BlackRock, Oracle, Amazon Web Services, and AI Pathfinder. Investments range from hundreds of millions to several billion pounds.
Google has pledged a £5 billion investment, which includes a new data center in Waltham Cross, north of London, and continued support for AI research through its DeepMind project.
The deal extends beyond AI and cloud computing. It also focuses on quantum computing and civil nuclear energy. Nscale, a UK-based company, will partner with OpenAI in a UK leg of the US company's Stargate project, aimed at expanding quantum computing capabilities.
The agreement also seeks to streamline civil nuclear projects. CoreWeave, a cloud computing firm, is investing £1.5 billion in energy-efficient data centers in partnership with UK-based DataVita, bringing its total UK investment to £2.5 billion. This partnership will fund energy-efficient data centers, supporting Britain's ambition for a greener digital future.
The deal also includes joint efforts to develop AI models for healthcare. This collaboration could revolutionise healthcare services in both countries, improving patient outcomes and driving scientific research.
British Prime Minister Keir Starmer believes the deal has the potential to shape the future of millions of people on both sides of the Atlantic. Microsoft's president, Brad Smith, expressed a desire to ensure America remains a trusted and reliable tech partner for Britain, feeling "enormously better" since the UK's antitrust regulator dropped its opposition to Microsoft's acquisition of Activision Blizzard.
Nvidia's vice president, David Hogan, stated that the investments would "truly make the UK an AI maker, not an AI taker". This sentiment is shared by Satya Nadella, chair and CEO of Microsoft, who emphasised the importance of maintaining Britain's digital sovereignty.
However, the search results do not provide information about which other US companies have committed to investing under the "Tech Prosperity Deal". Nonetheless, the deal is expected to support economic growth, scientific research, and energy security in both countries.
In conclusion, the "Tech Prosperity Deal" represents a significant step forward in the UK's digital transformation. With billions of pounds in investments, partnerships with leading tech firms, and a focus on AI, quantum computing, and civil nuclear energy, the UK is poised to become a global leader in technology.
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