Investing
US tech firms to invest $8.2 billion in UK data centres
Global Banking & Finance Review®
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LONDON (Reuters) – Britain said on Monday that U.S. firms ServiceNow, CyrusOne, CloudHQ and CoreWeave would
LONDON (Reuters) – Britain said on Monday that U.S. firms ServiceNow, CyrusOne, CloudHQ and CoreWeave would invest a combined 6.3 billion pounds ($8.2 billion) in UK data centre technology.
The announcement comes as British Prime Minister Keir Starmer hosts global business leaders at a major investment summit in London.
($1 = 0.7662 pounds)
(Reporting by Sarah Young, writing by Sachin Ravikumar)
A data centre is a facility used to house computer systems and associated components, such as telecommunications and storage systems. They are essential for storing, processing, and managing data for businesses.
Technology investment involves allocating capital to technology companies or projects with the expectation of generating returns. This can include funding for startups, research, and development in tech sectors.
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