£5bn Archives - Africa Business News

Advertisement

Tag: £5bn

Google to Invest £5bn in UK AI Google’s parent company, Alphabet, has unveiled a £5bn ($6.8bn) investment in the UK focused on artificial intelligence. The funding will go into infrastructure and advanced scientific research over the next two years, coinciding with US President Donald Trump’s state visit. In an exclusive interview with the BBC, Alphabet’s president and chief investment officer Ruth Porat said there were “profound opportunities in the UK” for pioneering work in advanced science. The announcement comes alongside the official opening of a $1bn (£735m) data centre in Waltham Cross, Hertfordshire, which Chancellor Rachel Reeves will launch on Tuesday. The investment also extends to DeepMind, Google’s London-based AI subsidiary, led by Nobel Prize winner Sir Demis Hassabis. DeepMind’s research aims to revolutionise advanced science, strengthening what Porat described as a “US-UK special technology relationship.” Energy, Jobs, and the Future of AI Porat emphasised that the UK’s AI Opportunities Action Plan played a role in securing the investment, though she noted that capturing the benefits of AI “was not a foregone conclusion.” She highlighted both economic and societal opportunities, while acknowledging risks that require joint mitigation. Alphabet’s expansion comes as the company’s valuation topped $3 trillion, joining Apple, Microsoft, and Nvidia. Its share price has surged after US courts decided against breaking up the firm. CEO Sundar Pichai has repositioned Google as an “AI First” company, driving its market momentum. Addressing environmental concerns, Porat explained that the new data centre will use air cooling, with captured heat redistributed to schools and homes. Google has also partnered with Shell to ensure its UK operations are powered by “95% carbon-free energy.” On jobs, she admitted that AI adoption presents challenges, but stressed that new industries and professions are emerging. “AI is collaborating with people rather than replacing them,” she said, urging graduates and professionals to engage with the technology rather than fear it.

Technology

Google to Invest £5bn in UK AI

Advertisement Google to Invest £5bn in UK AI Google’s parent company, Alphabet, has unveiled a £5bn ($6.8bn) investment in the UK focused on ...

By ABN StaffSeptember 16, 20250