[Funding alert] Microsoft’s $3.2 bln UK Investment into Britain

Britain is advocating for private investment to help finance new infrastructure, particularly in growing areas like artificial intelligence (AI), as the country's economy is expected to remain weak in the upcoming years.

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The money would more than treble Microsoft's datacenter footprint in Britain, giving the infrastructure necessary for new AI models to function. It was first disclosed during a meeting hosted by Prime Minister Rishi Sunak on Monday.

Microsoft's proposal is made in spite of remarks made by its president Brad Smith in April indicating that the tech industry's trust in Britain was in jeopardy due to a ruling by the nation's antitrust commissioner that went against the American business.

Smith said "Microsoft is committed as a company to ensuring that the UK as a country has world-leading AI infrastructure in the statement released as he hosted finance minister Jeremy Hunt at a datacentre being constructed in north London".

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