ServiceNow Chairman, President and CEO Bill McDermott speaks on CNBC’s Squawk Box at the World Economic Forum Annual Meeting on January 17, 2024 in Davos, Switzerland.
Adam Galich | CNBC
Enterprise software giant Immediate service CoreWeave, a start-up focused on artificial intelligence, has announced plans to invest billions of dollars in the UK in a vote of confidence in Prime Minister Keir Starmer, who hopes to attract foreign investment.
ServiceNow said it will invest $1.5 billion in the UK over the next five years as it develops its UK business. The US-based company plans to expand its UK operations through new office space and expand its headcount beyond its current 1,000 employees.
ServiceNow also said it would invest in localizing data processing for its large language models (LLMs), artificial intelligence models that rely on vast amounts of training data to understand and generate text like humans.
The company said it will bring NVIDIA ServiceNow said its data centers in London and Newport, Wales, are equipped with GPUs (graphics processing units) to support data processing for LL.M.s in the UK, which will help support “area-specific legal studies” for UK customers and government. master” .
European policymakers and regulators are increasingly calling for so-called “sovereignty” in artificial intelligence. This means that the technology and data that underpin advanced artificial intelligence systems should be stored within Europe and more accurately reflect the culture and history of Europeans.
Meanwhile, cloud computing company CoreWeave, which rents expensive GPUs to developers who want to train and run large artificial intelligence models, said it will invest 750 million pounds ($978.6 million) to support the UK’s demand for artificial intelligence infrastructure, following the A £1 billion commitment was announced in May.
At the same time, two US data center operators also announced plans to invest billions of dollars in the UK. Committed to developing new data center operators.
According to the British government, investment in cloud infrastructure totals £6.3 billion.
“Today’s investment call is a vote of confidence in the UK and the way we work with businesses to deliver continued growth for all,” UK technology minister Peter Keir said in a statement on Monday.
skills improvement plan
ServiceNow said it also plans to offer new skills projects in the UK, covering 240,000 people.
ServiceNow chief executive Bill McDermott said in a statement on Monday: “The UK is embracing technology transformation at scale. In the new era of artificial intelligence, the country will continue to be a global leader in driving innovation to benefit all communities.
“Our investment accelerates the UK’s drive to bring artificial intelligence to life, empowering people, enriching experiences and strengthening social bonds. ServiceNow and our customers across the UK are working together to create a future where technology works for everyone.”
The announcements were made as part of an international investment summit, where UK leader Keir Starmer will bring together 300 business leaders to encourage foreign investment.
ServiceNow, CoreWeave, CyrusOne and CloudHQ are not the only US tech companies betting on the UK as a global destination for AI innovation. Earlier this year, salesperson opened it The first global artificial intelligence center In London, the company uses the space to promote AI training and upskilling programs and foster industry collaboration.
The artificial intelligence center is part of Salesforce’s commitment last June to invest $4 billion in the UK over five years.
