Google invests £5 billion in UK AI as Trump leads for a national visit

Google Owner alphabet On Tuesday, it announced a £5 billion ($6.8 billion) investment in UK artificial intelligence development.

The US president is scheduled to arrive in the UK on Tuesday evening and Wednesday before the pump and pageantry begin. His visit is expected to coincide with a surge in business transactions.

Google’s two-year investment will be a welcome boost to the UK’s fought labor government.

As part of the pledge, the US tech giant has announced the opening of a new state-of-the-art data centre in Waltham Cross, about 12 miles (19 kilometers) north of central London.

Google said the new facility will help meet the growing demand for its AI-powered services, including Google Cloud, Workspace, Search and Maps.

Google said the £5 billion investment is projected to create 8,250 jobs per year for UK companies.

UK Finance Minister Rachel Reeves described Google’s announcement as “the strong vote of trust in the UK economy and the strength of its partnership with the US.”

Google’s UK investment includes funding for London-based Deepmind, run by Nobel Award winner Demis Hassabis and operated by Nobel Award winner Demis Hassabis.

“Today’s announcement will deepen its UK roots and strengthen its critical social services while supporting the UK’s potential to add £400 billion to its economy by 2030,” Ruth Porat, president and chief investment officer of Alphabet and Google, said in a statement.

Google on Tuesday also said it had signed a deal with the UK oil giant. shell Manage Tech Giant’s UK renewable energy supply. Google said the alliance will help contribute to the stability of the grid and the country’s energy transition.

“Shell’s diverse portfolio of renewable power supplies, battery access, power trading and optimization expertise will help us meet the evolving needs of world-leading companies such as Google and support the growth of our data centers.”