Data centres: The UK’s economic powerhouse? November 4, 2024 A new report claims that, given the right investment climate and policy support, the UK data centre sector could grow tenfold by 2035. TechUK’s report found that the sector could boost the economy by £44bn while creating over 40,000 jobs. The report also outlined how surging demand for digital services, fuelled by tech trends such as AI, [...]
AI is about to go nuclear – so the UK needs to, too October 31, 2024 As the artificial intelligence (AI) industry hurtles headlong towards what can only be described as nuclear-level growth, the UK needs a matching energy source to keep up. But data centres, responsible for powering the floods of new generative AI models and applications, rely on vast, consistent energy supplies to keep their servers ticking. According to [...]
Government hails £6.3bn ‘vote of confidence’ in UK data centres October 14, 2024 Keir Starmer’s government hailed billions of pounds of investment into UK data centres as a “vote of confidence in Britain” today, as ministers announced scores of deals during the flagship International Investment Summit. US firms Cyrusone, Cloud HQ, Coreweave and Servicenow revealed plans to inject a combined £6.3bn in funding into the UK’s data centre [...]
Build more data centres or lose AI race, London warned October 6, 2024 Britain can cement itself as a leader in generative AI, but it needs to scale up its digital infrastructure, according to the UK and Ireland managing director of data centre REIT giant Digital Realty. Speaking to City AM, Séamus Dunne said building more data centres in the capital is crucial to support the next phase [...]
Blackstone: Private equity giant backs £10bn AI data centre deal in UK September 26, 2024 Private equity giant Blackstone has injected £10bn into the UK to build one of the largest artificial intelligence data centres in Europe. The investment will build a data centre in Blyth, in the north east of England, creating more than 4,000 jobs. Construction of the site is expected to begin next year. It comes after [...]