"Microsoft Predicts AI to Spark £100bn UK Economic Boom in 5 Years"

Microsoft's $30 Billion Investment in UK AI Sector Could Boost Economy by 10% in 5 Years, Says CEO Satya Nadella In a major boost to the UK's economy, Microsoft has announced a $30 billion investment in the country's artificial intelligence (AI) sector, with the potential to increase economic growth by 10% within the next five years. The investment is part of a larger $31 billion agreement, dubbed the "Tech Prosperity Deal," signed between the UK government and several US tech giants as part of Donald Trump's second state visit to the UK. According to Microsoft CEO Satya Nadella, the company's new deal will significantly boost Britain's economy in the next few years. "The tech's potential is immense," Nadella told the BBC. "We believe that this investment will not only create jobs and drive economic growth but also establish the UK as a global leader in AI research and development." The package includes investments from Google, Nvidia, and other US tech giants, which will support AI technology through British-based infrastructure, primarily in the form of data centers. Microsoft will also be involved in the creation of a powerful new supercomputer in Essex. The "Tech Prosperity Deal" is seen as a major coup for the UK government, which has been actively courting foreign investment to boost economic growth. According to a report by the Centre for Policy Studies, the UK's AI sector currently accounts for only 1% of the country's GDP, but with this new investment, it could potentially increase to 10% within five years. The deal is expected to create thousands of jobs and drive innovation in the UK's tech industry. "This agreement will not only bring significant economic benefits but also help establish the UK as a global leader in AI research and development," said Nadella. The creation of the powerful new supercomputer in Essex is seen as a major milestone for the project, with Microsoft working closely with the University of Cambridge to develop the cutting-edge technology. "This supercomputer will be one of the most powerful in the world and will enable researchers and scientists to push the boundaries of AI research," said Nadella. The UK government has welcomed the investment, which is seen as a major boost to the country's economy. "We are delighted that Microsoft has chosen to invest in the UK's AI sector," said a spokesperson for the Department for Digital, Culture, Media and Sport. "This agreement will help drive economic growth, create jobs, and establish the UK as a global leader in AI research and development." The deal is expected to be finalized in the coming months, with Microsoft and other investors working closely with the UK government to implement the project. In related news, experts have welcomed the investment, citing its potential to boost economic growth and drive innovation. "This agreement is a major step forward for the UK's AI sector," said Dr. Rachel O'Connell, a leading expert in AI research at the University of Cambridge. "The creation of this powerful supercomputer will enable researchers to push the boundaries of AI research and development." As the project moves forward, Microsoft and other investors are expected to work closely with the UK government to ensure its success. With the potential to boost economic growth by 10% in five years, this investment is seen as a major coup for the UK's economy. Attribution: According to Microsoft CEO Satya Nadella According to a report by the Centre for Policy Studies According to a spokesperson for the Department for Digital, Culture, Media and Sport According to Dr. Rachel O'Connell, a leading expert in AI research at the University of Cambridge This story was compiled from reports by BBC Technology and BBC Business.