#google-investment

#google-investment

Google is making a $15 billion investment to set up a 1-gigawatt data center and AI hub in India, even as the Indian government pushes for reduced reliance on U.S. tech giants. On Tuesday, Google said it would build the data center in the southern state of Andhra Pradesh, in the port city of Visakhapatnam. The investment will take place over the next five years through 2030, the company added.

Google has helped strike another deal with a Bitcoin miner. On Thursday, Cipher Mining announced that it was leasing a data warehouse it owns in Colorado City, Texas, to an AI computing startup. The Bitcoin miner projects the contract to net the company $3 billion over its initial 10-year term and $7 billion if two five-year extensions are exercised. Cipher Mining struck the deal with Fluidstack, an AI computing startup based in the U.K.

Google has unveiled plans to invest an additional £5 billion in the UK over the next two years, in a move it says will help expand the country's artificial intelligence economy, create thousands of jobs and accelerate breakthroughs in science and technology. The announcement coincides with the state visit of US President Donald Trump, during which major technology and energy deals are expected to dominate the agenda. The investment will include significant spending on Google's infrastructure, research and engineering teams, as well as support for Google DeepMind, its London-based AI arm. The company said the expansion would generate 8,250 " new AI-driven jobs " in Britain.