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18h ago

U.S. and U.K. Seal £250 Billion ‘Tech Prosperity Deal’ to Scale AI, Quantum and Nuclear Capacity

Leaders cast the pact as a jobs‑first innovation push that routes private investment toward UK compute capacity with matching energy plans.

Keir Starmer’s Praise For Trump Raises Eyebrows As UK & US Ink Biggest Investment Deal In History
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Overview

  • President Donald Trump and Prime Minister Keir Starmer signed a memorandum of understanding at Chequers announcing roughly $350 billion (£250 billion) in transatlantic investments.
  • Microsoft, Nvidia, OpenAI, Google and Salesforce were named among companies committing funds for UK AI infrastructure, data centers and quantum research.
  • The package includes plans for 12 advanced nuclear reactors in northern England to support power needs for the tech buildout, with the UK targeting independence from Russian nuclear fuel by end‑2028.
  • Officials said the investments could create about 15,000 jobs in the UK and 2,500 in the U.S., with the agreement slated to take effect by mid‑March next year and formal annual reviews starting in 2026.
  • The deal outlines cooperation on chip and data‑center exports and closer work between the U.S. Center for AI Standards and Innovation and the UK AI Security Institute.