Google has said it will invest \u00a35bn in the UK in the next two years to help meet growing demand for artificial intelligence services, in a boost for the government.<\/p>\n
The announcement, which comes as Google opens its new datacentre in Waltham Cross in Hertfordshire, is expected to contribute to the creation of thousands of jobs, the US tech company said.<\/p>\n
The chancellor, Rachel Reeves<\/a>, said the major investment into research and development, capital expenditure and engineering is a \u201cvote of confidence\u201d in the UK economy.<\/p>\n It also follows reports that the ChatGPT parent firm, OpenAI, and Nvidia will also announce billions of dollars\u2019 worth of investment into UK datacentres this week, amid Donald Trump\u2019s state visit.<\/p>\n On Tuesday, Google said it would pump \u00a35bn into capital expenditure, research and development, and related engineering over the next two years, which would include \u201cpioneering\u201d AI research in science and healthcare through its Google DeepMind operation.<\/p>\n The Silicon Valley company said the investment would help the UK grow its AI economy and contribute to technological breakthroughs, improvements in cybersecurity and job creation.<\/p>\n Google predicted the investment would help to create 8,250 jobs annually at UK businesses.<\/p>\n Reeves will officially open the company\u2019s first UK datacentre in Waltham Cross on Tuesday, amid growing demand for Google\u2019s Cloud, Workspace, Search and Maps services.<\/p>\n She will also host the bosses of top US and UK financial companies<\/a> in Downing Street on Tuesday. The meeting will be attended by senior figures from BlackRock, Barclays and Blackstone.<\/p>\n She said: \u201cGoogle\u2019s \u00a35bn investment is a powerful vote of confidence in the UK economy and the strength of our partnership with the US, creating jobs and economic growth for years to come.<\/p>\n skip past newsletter promotion<\/a><\/p>\n Sign up to Business Today<\/p>\n Get set for the working day \u2013 we’ll point you to all the business news and analysis you need every morning<\/p>\n Privacy Notice: Newsletters may contain information about charities, online ads, and content funded by outside parties. If you do not have an account, we will create a guest account for you on theguardian.com<\/a> to send you this newsletter. You can complete full registration at any time. For more information about how we use your data see our Privacy Policy<\/a>. We use Google reCaptcha to protect our website and the Google Privacy Policy<\/a> and Terms of Service<\/a> apply.<\/p>\n after newsletter promotion<\/p>\n \u201cThis government is reversing decades of underinvestment that has held us back for too long, by slashing burdensome red tape, delivering bold reforms of the planning system and investing in better tech to unlock better jobs and opportunities.\u201d<\/p>\n The Google DeepMind co-founder and chief executive, Demis Hassabis, said: \u201cWe founded DeepMind in London because we knew the UK had the potential and talent to be a global hub for pioneering AI.<\/p>\n \u201cThe UK has a rich history of being at the forefront of technology \u2013 from Lovelace to Babbage to Turing \u2013 so it\u2019s fitting that we\u2019re continuing that legacy by investing in the next wave of innovation and scientific discovery in the UK.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Google has said it will invest \u00a35bn in the UK in the next two years to help meet…\n","protected":false},"author":2,"featured_media":140610,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[554,733,4308,86,56,54,55],"class_list":["post-140609","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-technology","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/140609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=140609"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/140609\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/140610"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=140609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=140609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=140609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}