Google announces a £5 billion investment to promote the development of artificial intelligence in the UK.

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[Google announces £5 billion investment to promote AI development in the UK] Google ( GOOG.O ) announced that it will invest £5 billion (approximately $6.8 billion) in the UK over the next two years to help the country build an AI economic system. This announcement comes as the tech giant prepares to unveil an economic agreement totaling over $10 billion during U.S. President Trump’s visit to this long-time ally this week. According to a statement released by Google on Tuesday, this investment will cover its artificial intelligence division DeepMind as well as AI research related to science and healthcare. Some of the funds will be used to build a new data center in Waltham Cross to meet the growing demand for Google services, including search and maps. Google stated that this investment is expected to support 8,250 jobs in the UK each year.

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