
Google is set to invest £5 billion in the UK over the next two years, a move aimed at meeting the surging demand for AI services and providing a significant boost to the government. The US tech giant’s announcement, made as it opens a new data centre in Waltham Cross, Hertfordshire, is anticipated to create thousands of jobs.
Chancellor Rachel Reeves described the substantial investment in research, development, capital expenditure, and engineering as a "vote of confidence" in the UK economy. This follows reports that OpenAI, the firm behind ChatGPT, and Nvidia are also set to announce billions in UK data centre investments this week, amid Donald Trump’s visit.