UK attracts £6.3bn investment in data infrastructure

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Four major US corporations have pledged to invest £6.3bn in UK data infrastructure, taking total Capital in data centres to more than £25bn.

According to AI News , at the recent International Investment Summit , four major US corporations including CyrusOne, ServiceNow, CloudHQ and CoreWeave announced plans to invest a total of £6.3 billion in the UK's data infrastructure.

Technology Secretary Peter Kyle sees this as a major vote of confidence in the UK's economic development partnership strategy.

CloudHQ is leading the way with a £1.9bn investment to build a data centre in Didcot, Oxfordshire, which is expected to create 1,500 jobs during construction and 100 permanent roles once operational.

ServiceNow has committed £1.15bn over the next five years to expand its UK operations. The investment will support AI development, expand data centres with Nvidia GPUs to process LLM data locally, and increase its UK workforce from 1,000 to more.

ServiceNow also plans to roll out new skills training programmes to reach 240,000 learners in the UK. ServiceNow’s AI platform is already used by 85% of Fortune 500 companies and more than half of FTSE100 companies, including BT Group, Aston Martin Aramco Formula One Team and hundreds of public bodies such as the NHS and the Department for Work and Pensions.

Meanwhile, CyrusOne plans to invest £2.5bn, with data centres expected to be operational by the end of 2028, creating more than 1,000 jobs. CoreWeave has also committed a further £750m to its AI cloud infrastructure, following a previously announced £1bn investment.

These investments add to the more than £25bn already invested in UK data centres following recent commitments from other tech giants such as Blackstone with £10bn and Amazon Web Services with plans to invest £8bn.

Prime Minister Keir Starmer gathered 300 industry leaders at the conference to discuss the potential of areas such as AI, health tech, clean energy and creative industries.

With data centres classified as “Critical National Infrastructure” (CNI), the UK government has stepped up support for the industry. In addition, Matt Clifford has been appointed to develop an AI Opportunity Action Plan to drive AI adoption across the economy.

Bill McDermott, President and CEO of ServiceNow, said: “The UK is leading the way in using technology and AI to drive innovation. This investment helps us and our customers build a future where technology works for everyone.”

Bill McDermott, Chairman, CEO & Executive Director of ServiceNow, speaks on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland .

These strategic investments not only strengthen the UK’s position in AI technology in Europe , but also affirm the country as an attractive destination for international corporations to expand their operations.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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