Team Blitz India
LEADING technology companies have invested over £2 billion in the UK in one week alone which is being seen as proof of faith placed by world’s leading AI companies in Britain.
“Businesses are making a safe bet in Britain. We have attracted the third highest amount of greenfield foreign direct investment since 2010 and the UK accounts for around half of all AI private capital investment in Europe. We really are turning a corner, and the businesses of the future agree,” said Chancellor of the Exchequer Jeremy Hunt.
Sharing this information, a media release from HM Treasury stated that it came when the Chancellor was visiting the Siemens Healthineers site, marked for a new factory supporting more than 1,300 skilled jobs.
Siemens Healthineers announced that they are investing £250 million to design and manufacture superconducting magnets for MRI scanners at their new facility in North Oxfordshire.
Meanwhile, AI firm CoreWeave is also investing £1 billion in the UK, as well as confirming their new European Headquarters will be based in the capital. This £2 billion investment also follows Scale AI, the data infrastructure company for AI, selecting London as the location for its first European headquarters.
Earlier, Wayve announced they had secured over $1.05 billion to develop the next generation of AI-powered selfdriving vehicles in the UK, the statement added.
