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Data Center News > Blog > Innovations > UK secures £6.3bn investment in critical data centres
Innovations

UK secures £6.3bn investment in critical data centres

Last updated: October 16, 2024 1:25 pm
Published October 16, 2024
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4 main US tech companies have dedicated to investing in UK information centres, fuelling Britain’s financial development and spurring AI improvement.

The investments, introduced as a part of at this time’s Worldwide Funding Summit, will take the full funding in UK information centres to over £25bn since this authorities took workplace, demonstrating the federal government’s steady effort to drive development by partnering with companies.

The ‘vote of confidence’ in Britain was made by US companies CyrusOne, ServiceNow, Cloud HQ and CoreWeave, who introduced that the UK could be the house of their new information infrastructure.

Advancing AI improvement and storage

These new information centres will present the UK with extra computing energy and information storage, offering the mandatory infrastructure to coach and deploy the subsequent era of AI applied sciences, corresponding to advanced machine studying fashions and algorithms.

This will even assist the UK roll out AI sooner in areas like healthcare, which is able to assist everybody stay higher and more healthy lives.

Know-how Secretary Peter Kyle defined: “Tech leaders from everywhere in the world are seeing Britain as the perfect place to speculate with a thriving and secure marketplace for information centres and AI improvement.

“Information centres energy our day-to-day lives and increase innovation in rising sectors like AI.

“Because of this solely final month, I took steps to class UK information centres as Critical National Infrastructure, giving the business the final word reassurance that the UK will all the time be a protected residence for funding.”

Rolling out new UK information centres

It comes as Washington DC-headquartered agency CloudHQ is about to develop a brand new £1.9bn information centre campus in Didcot, Oxfordshire.

See also  Microsoft, BlackRock Launch $30B AI Data Center Investment Fund

The hyper-scale information centre is at the moment in improvement and can assist meet the UK’s rising demand for AI and machine studying. It should create 1,500 jobs throughout development and 100 everlasting jobs as soon as totally operational.

Hossein Fateh, CloudHQ’s Founder and Chief Government Officer, stated: “We’re very excited to ship a hyper-scale campus within the UK that’s actually an extension of Slough resulting from our personal various fibre optic route.

“Our web site permits us to construct out our campus setting to offer scale and density to satisfy our clients’ necessities.”

International AI platform and software program chief ServiceNow additionally confirmed its dedication to the UK market, with plans to speculate £1.15bn in UK information centres over the subsequent 5 years.

The funding won’t solely help the longer term improvement of AI within the UK, increasing its information centres with Nvidia GPUs for native processing information but additionally help new workplace house as the corporate considerably grows into an worker base past its present headcount of 1,000 workers.

Capitalising on rising development sectors

Ministers and enterprise leaders will discuss how the UK can capitalise on emerging growth sectors, together with well being tech and AI, clear vitality, and inventive industries, at this week’s Worldwide Funding Summit.

Moreover, the Prime Minister will take part in an ‘in dialog’ occasion with former Google CEO and chairman Eric Schmidt and GSK CEO Dame Emma Walmsley to debate how the UK can seize the alternatives of AI to drive development and productiveness and its potential to enhance public companies corresponding to well being and schooling.

See also  Observe secures $156M funding boost for AI-powered observability

Tech Secretary Peter Kyle will participate in a dialog about accelerating innovation in addition to signal a memorandum of understanding with Elderberry, the world’s largest pharmaceutical agency, which units the stage for a world-first trial of weight problems drugs on the NHS in Larger Manchester.

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TAGGED: 6.3bn, centres, Critical, data, Investment, Secures
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