DEVELOPING: Microsoft Boss Warns UK Economy on Cusp of 10% Boost within 5 Years

BREAKING NEWS Microsoft CEO Satya Nadella warns UK economy on cusp of 10% boost within 5 years, citing AI investment package worth £31 billion. The UK government has announced a major agreement with US tech giants, including Microsoft, to invest in British-based infrastructure for artificial intelligence (AI) technology. As part of this deal, Microsoft will commit £30 billion to the UK's AI sector, its largest investment outside of the US. Microsoft CEO Satya Nadella believes that this investment could lead to a significant boost in economic growth, potentially reaching 10% within five years. "It may happen faster," he said, "so our hope is not ten years but maybe five." He emphasized the importance of AI's impact on GDP growth and job creation. The agreement also includes plans for a powerful new supercomputer in Loughton, Essex, which will be developed with Microsoft's involvement. Prime Minister Sir Keir Starmer hailed the deal as "a generational step change in our relationship with the US," creating highly skilled jobs and contributing to economic growth. This is a developing story, with further details expected to emerge as the agreement takes shape. The UK government has confirmed that the investment package will support AI technology development across various sectors, including data centres and supercomputing. THIS IS A DEVELOPING STORY. WE WILL PROVIDE UPDATES AS MORE INFORMATION BECOMES AVAILABLE. *This is a developing story. Updates will be provided as more information becomes available. Based on reporting from Bbc.*