{"id":161868,"date":"2025-09-16T23:02:06","date_gmt":"2025-09-16T23:02:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/161868\/"},"modified":"2025-09-16T23:02:06","modified_gmt":"2025-09-16T23:02:06","slug":"ai-could-boost-uk-economy-by-10-in-5-years-says-microsoft-boss","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/161868\/","title":{"rendered":"AI could boost UK economy by 10% in 5 years, says Microsoft boss"},"content":{"rendered":"

The government also said there was “potential for more than 5,000 jobs and billions in private investment” in north-east England, which has been designated as a new “AI growth zone<\/a>“.<\/p>\n

Last year, the government announced a \u00a310bn investment into a data centre<\/a> to be built near Blyth, Northumberland.<\/p>\n

It has now announced another data centre project dubbed Stargate UK from OpenAI, chipmaker Nvidia, semiconductor company Arm and AI infrastructure firm Nscale. <\/p>\n

That will be based at Cobalt Park in Northumberland.<\/p>\n

OpenAI boss Sam Altman said Stargate UK would “help accelerate scientific breakthroughs, improve productivity, and drive economic growth.”<\/p>\n

However the UK version is a fraction of the firm’s US-based Stargate project, which OpenAI launched in January with a commitment to invest $500 billion over the next four years building new AI infrastructure for itself.<\/p>\n

So far, reaction to the agreement has been broadly positive, but it is clear that there are many challenges ahead for the UK if it is to fulfil its intended potential.<\/p>\n

The Tony Blair Institute described the news as a “breakthrough moment” but added that Britain had some work to do: “reforming planning rules, accelerating the delivery of clean energy projects, and building the necessary digital infrastructure for powering the country’s tech-enabled growth agenda,” said Dr Keegan McBride, the Tony Blair Institute for Global Change’s emerging tech and geopolitics expert.<\/p>\n

Matthew Sinclair, UK director of the Computer & Communications Industry Association, hailed the agreement as “a powerful demonstration of the scale of the AI opportunity for the UK economy.”<\/p>\n

But the Conservative Party highlighted that other big international companies such as the pharmaceutical giant Merck have recently cancelled or delayed their UK expansion plans.<\/p>\n

Satya Nadella spoke to the BBC News in between board meetings, shortly before jumping on a flight to join Donald Trump as he arrives in the UK on a three-day state visit. Nadella will be among other tech leaders, including OpenAI’s Sam Altman and Nvidia’s Jensen Huang, attending the Royal state banquet on Wednesday.<\/p>\n

He said he would use Microsoft’s AI tool Copilot to help him decide what to wear.<\/p>\n

“I was very surprised that there was a very different dress protocol, which I’m really not sure that I’m ready for,” he said.<\/p>\n","protected":false},"excerpt":{"rendered":"The government also said there was “potential for more than 5,000 jobs and billions in private investment” in…\n","protected":false},"author":2,"featured_media":161869,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-161868","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/161868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=161868"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/161868\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/161869"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=161868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=161868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=161868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}