U.S. and U.K. pen down a multibillion-euro technology partnership agreement for substantial investment
The United States and the UK have signed a significant agreement on September 18, 2020, aiming to strengthen their partnership in technological sectors. During President Trump's state visit to the UK, the agreement was announced at an event at Chequers, the British Prime Minister's country residence.
Under this agreement, Google is investing £5 billion (€5.8 billion) over two years in the UK. This investment includes Google DeepMind's AI lab in the UK and a contribution to a data center and research and development. However, specific details about the data center and R&D were not provided.
In addition to Google's investment, Microsoft has announced a $30 billion (€25 billion) investment over four years in the UK. Half of this investment will focus on cloud computing and artificial intelligence, including the construction of the country's largest supercomputer.
The AI projects by Nscale, OpenAI, and Nvidia will be located in northeast England. The British company Nscale, in partnership with OpenAI and Nvidia, will develop large-scale AI-related infrastructure and capabilities at Cobalt Park in North Tyneside. Several UK venture capital firms, including Accel, Air Street Capital, Balderton, Hoxton Ventures, and Phoenix Court, support Nvidia's investment and ecosystem development in British AI.
The agreement also includes joint projects in the nuclear sector. London and Washington have pledged to accelerate the approval and validation timelines for nuclear projects between the two countries. Details about the fusion experimental programs were not provided, but the partnership in nuclear technology is intended to strengthen.
Furthermore, the agreement aims to create new collaborations between public institutions, academia, and the private sector. The technological cooperation is expected to contribute significantly to the UK's technological development. However, specific details about the AI projects by Nscale, OpenAI, and Nvidia, as well as the fusion experimental programs, were not provided in the article.
In conclusion, the agreement between the U.S. and the UK marks a significant step forward in technological cooperation. The investments by Google and Microsoft, along with the AI and nuclear projects, are expected to boost the UK's technological development and contribute to its growth in these sectors.
