US businesses invest $8.2 billion in UK data centres

The information was released as British Prime Minister Keir Starmer welcomed more than 300 global business leaders at the International Investment Summit held in London today (October 14) to encourage foreign investment.

Accordingly, ServiceNow will invest $1.5 billion in the UK to build an artificial intelligence (AI) data processing center. This huge amount of money will be used to expand office space and increase the size of employees far beyond the 1,000 people currently working here.

ServiceNow, CyrusOne, CloudHQ and CoreWeave to invest $8.2bn in UK data centres.

In addition to expanding its business, ServiceNow will also invest cash into localizing data processing for large language models (LLMs), AI models that rely on massive amounts of training data to be able to understand and generate text like a human.

The company said it will bring Nvidia GPUs (graphics processing units) to its data centers in London and Newport, Wales, to support data processing on LLM in the UK. This will help support “sector-specific LLM” for customers and the UK government.

Policymakers and regulators in Europe are increasingly emphasizing what they call “AI sovereignty.” This refers to the idea that the technologies and data that underpin advanced AI systems should be stored in Europe and more accurately reflect the culture and history of its people.

ServiceNow also plans to deliver new skills programmes in the UK that are expected to reach 240,000 learners.

“The UK is embracing a massive technological transformation. In this new era of AI, they continue to be a global leader in driving innovation for the benefit of all communities,” Bill McDermott, CEO of ServiceNow, told reporters today.

Bill McDermott, President and CEO of ServiceNow.

“Our investment helps accelerate AI in the UK, empowering people, enriching experiences and strengthening social bonds. Together, ServiceNow and our customers across the UK are driving a future where technology benefits everyone,” added McDermott.

ServiceNow, with a market cap of $194.6 billion, has seen its stock rise more than 37% this year, thanks in no small part to its push into AI. ServiceNow's cloud technology helps other businesses manage digital workflows.

Last month, ServiceNow launched Xanadu, a platform that uses a range of AI technologies including “agents” to boost worker productivity. AI agents are digital assistants designed to help employees get work done.

Similar to ServiceNow, cloud computing company CoreWeave, which rents out expensive GPUs to developers to train and run large AI models, said it would invest £750 million ($978.6 million) to support the UK’s AI infrastructure needs. This is its second major investment in the country after announcing a £1 billion commitment in May.

Meanwhile, two other US data centre operators have also announced plans to invest billions of dollars in the UK. CyrusOne has confirmed plans to expand its investment in the country to £2.5bn ($3.25bn) over the coming years, while CloudHQ has committed to developing a new £1.9bn ($2.47bn) data centre facility in Didcot, Oxfordshire.

Earlier this year, another US tech company, Salesforce, opened its first global AI hub in London, a space the company is using to facilitate AI training and upskilling programs and foster industry collaboration.

The AI ​​centre is part of a $4bn investment Salesforce is committing to in the UK over five years from June 2023.

(According to CNBC)

Source: https://www.baogiaothong.vn/cac-doanh-nghiep-my-dau-tu-82-ty-do-la-vao-trung-tam-du-lieu-vuong-quoc-anh-192241014191853292.htm