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Google makes £5bn pledge to Britain - but critics warn of 'stitch-up'
Google is set to invest £5bn in the UK in the next two years, to support growing demands for AI services.
The announcement, which comes as Google opens a new data centre in Waltham Cross in Hertfordshire, is expected to contribute to the creation of thousands of jobs, the US tech giant said. Chancellor Rachel Reeves described it as a "vote of confidence" in the UK economy.
The news comes hours before Donald Trump lands in the UK for a state visit at which he and Sir Keir Starmer are widely expected to sign a new UK-US tech deal. It also follows reports that ChatGPT parent firm OpenAI, and Nvidia, will also unveil billions of dollars' worth of investment into UK data centres this week.
The chancellor said the investment would boost research and development, capital expenditure and engineering. However, Liberal Democrat leader Sir Ed Davey has criticised the proposed deal as a "Silicon Valley stitch-up.
Amir Nisi
Creative and experienced content writer with 6+ years of experience lazy to create unique content strategy for News5 to turn website visitors into customers.
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