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UK and US to finalise tech agreement during Trump’s visit
UK and US set to finalise major technology agreement during Trump’s three-day state visit, enhancing bilateral tech cooperation
UK and US set to finalise major technology agreement during Trump’s three-day state visit, enhancing bilateral tech cooperation
– UK and US are finalising a major technology agreement during Trump’s state visit, enhancing collaboration in emerging technologies.
– Private investments over £20 billion are anticipated, with significant contributions from major companies like BlackRock and Citigroup.
This deal represents a notable enhancement of collaboration between the two major technology sectors.The agreement focuses on emerging technologies including artificial intelligence, semiconductors, telecommunications, and quantum computing.
UK Technology Secretary Liz Kendall highlighted the potential of these technologies to transform lives.
Alongside the agreement, private investments exceeding £20 billion in bilateral trade are anticipated. BlackRock plans to invest £500 million in UK data centres, while Citigroup will contribute £1.1 billion to enhance UK operations.
Bank of America is set to create up to 1,000 new jobs in Belfast, and PayPal has pledged £150 million for innovative projects.
Major Investments
Trump’s visit will include technology leaders such as Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman.
Both companies are expected to announce significant investments in UK data centres as part of the $500 billion Stargate AI infrastructure project introduced earlier this year.
