Microsoft's $3.2 billion UK investment to drive AI growth


FILE PHOTO: Britain's Prime Minister Rishi Sunak and Microsoft President Brad Smith attend the AI Safety Summit in Bletchley Park, near Milton Keynes, Britain, November 2, 2023. REUTERS/Toby Melville/Pool/File Photo

LONDON (Reuters) - Microsoft's plan to pump 2.5 billion pounds ($3.2 billion) into Britain over the next three years, its single largest investment in the country to date, will underpin future growth in artificial intelligence (AI), the UK government said.

Britain, where the economy is forecast to be sluggish in the coming years, is pushing for private investment to help fund new infrastructure, particularly in growth industries like AI.

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