Investment firm BlackRock to spend £10 billion to build one of the largest AI data centers in Europe in the UK

The British Prime Minister's Office announced on the 25th of this month, local time, that the American private equity companyBlackstone GroupThe plan is to invest 10 billion pounds (currently about 93.653 billion yuan), starting next year, to build Europe's largest AI center in the Blyth area of Northumberland (the capital of Newcastle upon Tyne), UK. Data CenterOne.

The UK is already the Western European country with the highest number of data centers within its bordersBlackRock's new program will further enhance the UK's AI computing resources, support research and application of AI by local companies, academic institutions and UK branches of multinational enterprises, and promote the popularization of AI in the UK.

Investment firm BlackRock to spend £10 billion to build one of the largest AI data centers in Europe in the UK

Blackstone's Bryce ProjectMore than 4,000 jobs will be created, including 1,200 jobs dedicated to data center construction. BlackRock has also confirmed that it will invest £110 million (currently around R1.03 billion) in a fund to support skills training and transport infrastructure in the Blyth area.

Keir Starmer, the British prime minister and leader of the ruling Labor Party, said:

  • The top priority of this government is to grow the economy for the benefit of the hard-working British people, and increasing foreign investment is an important part of that plan.
  • This new investment we are announcing today with BlackRock is a huge vote of confidence in the UK, it proves that the UK is re-emerging as a major player on the global stage and we are open for business.

including the Blackstone Group.More and more investment firms are including AI data centers in their asset universeFor example, BlackRock and MGX UAE recently joined Microsoft in a $30 billion AI infrastructure investment fund program.

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