"Ruth Porat, president and chief investment officer of Alphabet, emphasized in an interview with the BBC that the United Kingdom offers unique opportunities due to its strong position in advanced science. She spoke of a new technological partnership between the US and the UK, in which risks must be managed jointly but which also offers great opportunities for economic growth and improved public services."
"Google's parent company, Alphabet, has announced a £5 billion investment in artificial intelligence in the United Kingdom. Over the next two years, the funds will be allocated to infrastructure development and scientific research. The focus of the investment is on the new data center in Waltham Cross, Hertfordshire. This $1 billion complex will be officially opened on Tuesday by British Finance Minister Rachel Reeves. Alphabet will further expand the location and also allocate additional resources to DeepMind, the London-based AI research center led by Nobel Prize winner Demis Hassabis."
"Alphabet reached a market value of more than $3 trillion this week. The company thus joined Nvidia, Microsoft, and Apple. Google's stock has risen sharply in recent weeks, helped by a court ruling in the US that does not require the company to divest parts of its business. CEO Sundar Pichai has a strategy to position Google as an AI-first company. According to Porat, this forms the basis for the high stock market valuation."
Alphabet will invest £5 billion in artificial intelligence across the United Kingdom over the next two years, allocating funds to infrastructure development and scientific research. The investment centres on a new $1 billion data centre in Waltham Cross, Hertfordshire, due to be opened by British Finance Minister Rachel Reeves, and on increased resources for DeepMind in London. Ruth Porat highlighted the UK’s strong position in advanced science and the potential for a US–UK technological partnership that manages risks while delivering economic growth and improved public services. The UK’s AI Opportunities Action Plan helped secure the investment, but further steps are needed to realise benefits. Alphabet’s market value topped $3 trillion amid legal developments and an AI-first strategy, and Google plans to address data-centre energy use with air-cooled systems.
Read at Techzine Global
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