Following closely in the footsteps of Trump's visit to the UK, Alphabet Inc. Class C (GOOGL.US) plans to invest 5 billion pounds to support the development of AI in the UK.

Alphabet Inc. Class C (GOOGL.US) announced on Tuesday that it will invest 5 billion pounds (about 6.8 billion dollars) in the UK over the next two years to help the country build an artificial intelligence (AI) economy. The tech giant made the announcement as US President Trump visits this long-time US ally this week. Trump's visit is expected to include the announcement of economic cooperation projects totaling over 10 billion dollars. According to the statement released by Alphabet Inc. Class C, this investment will cover its AI subsidiary DeepMind (which has business operations in London) and will also be used for AI research projects related to science and healthcare. Some of the investment will be focused on building a new data center in Watford Cross to meet the increasing demand for services like search and maps from Alphabet Inc. Class C in the market. Alphabet Inc. Class C stated that this investment is expected to create 8,250 jobs in the UK annually. It is reported that during Trump's visit to the UK, American companies OpenAI and NVIDIA Corporation (NVDA.US) also plan to commit to investing billions of dollars in the UK data center sector. Among the multiple agreements that Trump is expected to sign during this trip, there is also a US-UK cooperation agreement aimed at accelerating the process of building nuclear power plants by companies in both countries.