Major U.S. Investments Fuel UK's Data Tech Boom

U.S. firms ServiceNow, CyrusOne, CloudHQ, and CoreWeave are set to inject £6.3 billion into UK data center technology, reflecting growing transatlantic ties. This announcement was made during a significant investment summit in London, hosted by British Prime Minister Keir Starmer.

In a significant boost to the UK's data center sector, U.S. companies ServiceNow, CyrusOne, CloudHQ, and CoreWeave committed a massive £6.3 billion investment on Monday. This development underscores the strengthening economic ties across the Atlantic.

The announcement was strategically timed with a major investment summit in London, hosted by Prime Minister Keir Starmer, aimed at attracting global business leaders and showcasing Britain's appeal as a business hub.

With the pound trading at $1 = 0.7662 pounds, this investment highlights the continued confidence in the UK's technology infrastructure from international players.

(With inputs from agencies.)