Summary
Google-owner Alphabet plans to invest £5 billion ($6.8 billion) in artificial intelligence (AI) in the UK over the next two years. This investment will support infrastructure and scientific research and includes funding for a London-based AI company. The investment announcement is ahead of US President Donald Trump's visit to the UK.
Key Facts
- Alphabet, Google's parent company, will invest £5 billion in UK AI over two years.
- The funds will support infrastructure and scientific research, including a data center in Hertfordshire.
- This investment is part of multiple US investments being announced ahead of Donald Trump's UK visit.
- London-based DeepMind, an AI company, will receive part of the investment.
- Alphabet has become the fourth company with a stock market value over $3 trillion.
- Google aims for its UK facilities to use 95% carbon-free energy.
- The company plans to improve energy efficiency in AI-related operations.
- Google is aware of job market changes due to AI but sees potential for new industries and opportunities.
