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Google plans to invest $1 Bn in UK data centre

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USA 20 Jan 2024 06:21 PM IST ThePrint

In order to accommodate the region's growing demand for internet services, Google declared that it will invest $1 billion in the construction of a data centre just outside of London. This is the company's latest investment in the United Kingdom. The data centre will be situated in the town of Waltham Cross, some 15 miles north of central London, on a 33-acre (13-hectare) land that Google purchased in 2020, according to a statement from the Alphabet-owned business.

The British government, which is pushing for investment by businesses to help fund new infrastructure, specifically in growth industries like technology and artificial intelligence, described Google’s investment as a “huge vote of confidence” in the UK.

“Google’s $1 billion investment is testament to the fact that the UK is a centre of excellence in technology and has huge potential for growth,” Prime Minister Rishi Sunak mentioned in the Google statement. The investment follows Google’s $1 billion purchase of a central London office building in 2022, close to Covent Garden, and another site in nearby King’s Cross, where it is building a new office and where its AI company DeepMind is also based. It also comes weeks after Microsoft unveiled plans to pump 2.5 billion pounds ($3.2 billion) into Britain over three years, including in growing its data centre capacity, to underpin future AI services.