News Formal

U.S. Tech Companies To Invest $8.2 Billion In U.K. Data Centers

  • 📰 ForbesTech
  • ⏱ Reading Time:
  • 26 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 42%
  • Publisher: 59%

U.S. News

U.K.,Cloudhq,Coreweave

Robert Olsen is a journalist based in London, focused on covering transatlantic business interests between the U.K. and the U.S. His 14-year career in journalism includes various editorial positions at Forbes and Bloomberg in Hong Kong, where his coverage ranged from business titans and real estate barons to whistleblowers and crypto kingpins.

that four American tech companies have agreed to invest a combined £6.3 billion in data centers, a move aimed at strengthening Britain’s position in the global AI race.“Tech leaders from all over the world are seeing Britain as the best place to invest with a thriving and stable market for data centers and AI development,” Kyle said in a statement.

CloudHQ is developing a new £1.9 billion data center campus in Didcot, Oxfordshire that promises to create 1,500 jobs during construction, and 100 jobs after it becomes fully operational. CyrusOne announced plans to expand its investment in the U.K. to £2.5 billion over the coming years. The company said its projects should be operational by the end of 2028, and are expected to create over 1,000 jobs.Trump Vs. Harris 2024 Polls: Harris Up 2 Points In Latest Survey As Race Is Nearly Tied

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 318. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

French and US companies to invest $10 billion to extract oil off Suriname's coastOfficials say that France’s TotalEnergies and U.S. hydrocarbon company APA Corp. plan to invest $10 billion to extract oil off the coast of Suriname in a historic investment for the South American country.
Source: AP - 🏆 728. / 51 Read more »