Tech
US and UK finalise historic $340 billion tech deal
US and UK announce historic $340 billion tech investment deal during Trump’s visit, boosting cooperation in AI and energy
US and UK announce historic $340 billion tech investment deal during Trump’s visit, boosting cooperation in AI and energy
In Short:
– Trump and Starmer signed a £250 billion Tech Prosperity Deal, enhancing US-UK cooperation in technology sectors.
– Major investments include $30 billion from Microsoft and £90 billion from Blackstone for UK assets.
– Trump and Starmer signed a £250 billion Tech Prosperity Deal, enhancing US-UK cooperation in technology sectors.
– Major investments include $30 billion from Microsoft and £90 billion from Blackstone for UK assets.
President Donald Trump and British Prime Minister Keir Starmer signed a significant “Tech Prosperity Deal” at Chequers, valued at £250 billion ($340 billion).
The agreement represents the largest commercial package during a state visit, with the US committing £150 billion ($204 billion) to the UK.Starmer labelled the deal as the most substantial investment package in British history, enhancing US-UK cooperation in sectors like artificial intelligence, quantum computing, and nuclear energy.
The bulk of the investment comes from major US firms. Microsoft announced a $30 billion commitment over four years, including funds for cloud and AI infrastructure to develop a supercomputer with over 24,000 Nvidia GPUs.
Nvidia also pledged $15 billion for AI infrastructure, kicking off the Stargate UK initiative in partnership with UK companies.
Major Contributions
Investment firm Blackstone will provide £90 billion ($122 billion) over a decade across UK assets, while UK firm GSK has committed $30 billion to US research and manufacturing. The bilateral nature of these investments highlights the deal’s reciprocity.
