{"id":51885,"date":"2024-10-15T09:37:40","date_gmt":"2024-10-15T08:37:40","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=51885"},"modified":"2024-10-15T09:37:40","modified_gmt":"2024-10-15T08:37:40","slug":"uk-secures-6-3bn-investment-in-critical-data-centres","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/uk-secures-6-3bn-investment-in-critical-data-centres\/51885\/","title":{"rendered":"UK secures \u00a36.3bn investment in critical data centres"},"content":{"rendered":"<h2>Four major US tech firms have committed to investing in UK data centres, fuelling Britain\u2019s economic growth and spurring AI development.<\/h2>\n<p>The investments, announced as part of today\u2019s International Investment Summit, will take the total investment in UK data centres to over \u00a325bn since this government took office, demonstrating the government\u2019s continuous effort to drive growth by partnering with businesses.<\/p>\n<p>The \u2018vote of confidence\u2019 in Britain was\u00a0made by US firms CyrusOne, ServiceNow, Cloud HQ and CoreWeave, who announced that the UK would be the home of their new data infrastructure.<\/p>\n<h3>Advancing AI development and storage<\/h3>\n<p>These new data centres will provide the UK with more computing power and data storage, providing the necessary infrastructure to train and deploy the next generation of AI technologies, such as complex machine learning models and algorithms.<\/p>\n<p>This will also help the UK <a href=\"https:\/\/www.innovationnewsnetwork.com\/columbia-nursing-explores-views-on-using-ai-for-mental-health-care\/51561\/\">roll out AI faster in areas like healthcare<\/a>, which will help everyone live better and healthier lives.<\/p>\n<p>Technology Secretary Peter Kyle explained: \u201cTech leaders from all over the world are seeing Britain as the best place to invest with a thriving and stable market for data centres and AI development.<\/p>\n<p>\u201cData centres power our day-to-day lives and boost innovation in growing sectors like AI.<\/p>\n<p>\u201cThis is why only last month, I took steps to class UK data centres as <a href=\"https:\/\/www.ncsc.gov.uk\/section\/advice-guidance\/all-topics?allTopics=true&amp;topics=critical%20national%20infrastructure%20(cni)&amp;sort=date%2Bdesc\" target=\"_blank\" rel=\"noopener\">Critical National Infrastructure<\/a>, giving the industry the ultimate reassurance that the UK will always be a safe home for\u00a0investment.\u201d<\/p>\n<h3>Rolling out new UK data centres<\/h3>\n<p>It comes as Washington DC-headquartered firm CloudHQ is set to develop a new \u00a31.9bn data centre campus in Didcot, Oxfordshire.<\/p>\n<p>The hyper-scale data centre is currently in development and will help meet the UK\u2019s growing demand for AI and machine learning. It will create 1,500 jobs during construction and 100 permanent jobs once fully operational.<\/p>\n<p>Hossein Fateh, CloudHQ\u2019s Founder and Chief Executive Officer, said: \u201cWe are very excited to deliver a hyper-scale campus in the UK that is truly an extension of Slough due to our private diverse fibre optic route.<\/p>\n<p>\u201cOur site enables us to build out our campus environment to provide scale and density to meet our customers\u2019 requirements.\u201d<\/p>\n<p>Global AI platform and software leader ServiceNow also confirmed its commitment to the UK market, with plans to invest \u00a31.15bn in UK data centres over the next five years.<\/p>\n<p>The investment will not only support the future development of AI in the UK, expanding its data centres with Nvidia GPUs for local processing data\u00a0but also support new office space as the company significantly grows into an\u00a0employee base beyond its current headcount of 1,000 employees.<\/p>\n<h3>Capitalising on emerging growth sectors<\/h3>\n<p>Ministers and business leaders <a href=\"https:\/\/www.gov.uk\/government\/speeches\/pm-international-investment-summit-speech-14-october-2024\" target=\"_blank\" rel=\"noopener\">will discuss how the UK can capitalise on emerging growth sectors<\/a>, including health tech and AI, clean energy, and creative industries, at this week&#8217;s International Investment Summit.<\/p>\n<p>Additionally, the Prime Minister will participate in an \u2018in conversation\u2019 event with former Google CEO and chairman Eric Schmidt and GSK CEO Dame Emma Walmsley to discuss how the UK can seize the opportunities of AI to drive growth and productivity and its potential to improve public services such as health and education.<\/p>\n<p>Tech Secretary Peter Kyle will take part in a conversation about accelerating innovation as well as sign a memorandum of understanding with Elderberry, the world\u2019s largest pharmaceutical firm, which sets the stage for a world-first trial of obesity medications on the NHS in Greater Manchester.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Four major US tech firms have committed to investing in UK data centres, fuelling Britain\u2019s economic growth and spurring AI development.<\/p>\n","protected":false},"author":22,"featured_media":51886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[830],"tags":[570,24137,885],"acf":[],"yoast_head":"\n<title>UK secures \u00a36.3bn investment in critical data centres<\/title>\n<meta name=\"description\" content=\"Four major US tech firms have committed to investing in UK data centres, fuelling Britain\u2019s economic growth and spurring AI development.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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