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Google is acceptable to put £5bn successful the UK successful the adjacent 2 years, to enactment increasing demands for AI services.
The announcement, which comes arsenic Google opens a caller information centre successful Waltham Cross successful Hertfordshire, is expected to lend to the instauration of thousands of jobs, the US tech elephantine said.
Chancellor Rachel Reeves described it arsenic a "vote of confidence" successful the UK economy.
The quality comes hours earlier Donald Trump lands successful the UK for a authorities visit astatine which helium and Sir Keir Starmer are wide expected to motion a caller UK-US tech deal.
It besides follows reports that ChatGPT parent steadfast OpenAI, and Nvidia, volition besides unveil billions of dollars' worthy of concern into UK information centres this week.
The chancellor said the concern would boost probe and development, superior expenditure and engineering.
However, Liberal Democrat person Sir Ed Davey has criticised the projected woody arsenic a "Silicon Valley stitch-up", and has demanded the authorities puts it to a ballot successful parliament.
He said: "I americium truly acrophobic the authorities is going to hold to a Silicon Valley stitch-up that hands taxation cuts to tech billionaires portion undermining protections for our children online."
Sir Ed added: "Parents privation protections for children online to beryllium kept successful place, not traded distant successful a backroom woody with tech barons.
"We can't fto the authorities motion up to a woody that benefits Elon Musk astatine the disbursal of the British people."
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Google has confirmed it volition put £5bn into superior expenditure, probe and development, and related engineering implicit the adjacent 2 years, which volition see "pioneering" AI probe successful subject and healthcare done its DeepMind operation.
The Silicon Valley steadfast said the concern volition assistance the UK turn its AI system and lend to technological breakthroughs, improvements successful cybersecurity and occupation creation.
Google predicted the concern volition assistance to make 8,250 jobs annually astatine UK businesses.
DeepMind co-founder and main enforcement Demis Hassabis said: "We founded DeepMind successful London due to the fact that we knew the UK had the imaginable and endowment to beryllium a planetary hub for pioneering AI.
"The UK has a affluent past of being astatine the forefront of exertion - from Lovelace to Babbage to Turing - truthful it's fitting that we're continuing that bequest by investing successful the adjacent question of innovation and technological find successful the UK."
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