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Visa Appoints Tareq Muhmood as Regional President for CEMEA
Visionary Leadership

Visa Appoints Tareq Muhmood as Regional President for CEMEA

Advertisement Visa Appoints Tareq Muhmood as Regional President for CEMEA Seasoned executive to lead operations across 86 high-growth markets Visa has appointed Tareq ...
By ABN StaffJune 23, 20250

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  • 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.

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    • Kenya’s Food Processors Strengthen Fortification Standards

      Kenya’s Food Processors Strengthen Fortification Standards

      1 day ago
    • LOOP BIZ+ also brings together financing options for businesses with different needs.

      LOOP BIZ+ Launches to Support Kenyan Businesses

      4 days ago
    • Bolt Expands Ride Options with More Flexibility on Cost and Convenience

      Bolt Expands Ride Options with More Flexibility on Cost and Convenience

      4 days ago
    • Jumia Black Friday 2026 Highlights E-commerce Growth Beyond Nairobi

      Jumia Black Friday 2026 Highlights E-commerce Growth Beyond Nairobi

      4 days ago
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    • Investments
    • Money Markets
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  • Lifestyle
    • Electricity Payments Get Easier as NCBA Integrates with Kenya Power

      Electricity Payments Get Easier as NCBA Integrates with Kenya Power

      5 days ago
    • Moments Villas: Where Luxury Meets Wellness, Nature and Thoughtful Design

      Moments Villas: Where Luxury Meets Wellness, Nature and Thoughtful Design

      September 2, 2026
    • NCBA Urges Families to Plan Early as Wealth Transfers Accelerate

      NCBA Urges Families to Plan Early as Wealth Transfers Accelerate

      September 1, 2026
    • BAHLITA Calls for Inclusive Public Participation in Tobacco Control Bill

      BAHLITA Calls for Inclusive Public Participation in Tobacco Control Bill

      August 31, 2026
    • All
    • Culture
  • Politics
    • The Media Shift: Rethinking Influence in Kenya

      The Media Shift: Rethinking Influence in Kenya

      6 days ago
    • Africa Needs AI That Serves Its Priorities

      Africa Needs AI That Serves Its Priorities

      September 15, 2026
    • Building Africa’s AI Future on Trust

      Building Africa’s AI Future on Trust

      August 26, 2026
    • The Experience Economy Is Rewriting the Rules of Customer Loyalty

      The Experience Economy Is Rewriting the Rules of Customer Loyalty

      August 26, 2026
    • All
    • Opinion
  • Global

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