London UK (UK) — On his UK State trip to Britain the President Donald Trump announced a landmark “Tech Prosperity Deal” between the US and UK that is worth around $42 billion (PS31bn) and described it as an “historic agreement” designed to transform the world of the world of nuclear power, artificial intelligence and digital infrastructure between the two nations.
Trump in his remarks, along with the Prime Chief Minister Keir Starmer, described the agreement the “unbreakable bond” between Washington and London and London, highlighting the benefits of technological and economic cooperation which will benefit both business and the public at large.
Trump’s words: “An unbreakable bond”
Trump began his speech by expressing appreciation to the King Charles III and the Queen Camilla and his British hosts and describing the UK state Visit as “beautiful and historic”.Trump stressed that the U.S.-UK partnership was not only symbolic, but was also deeply economic, noting $340 billion of trade between the two countries in the last year.
“Today, we’re making those ties closer than ever before,” Trump stated.“Things are good for the financial health of both nations.We collaborate and this keeps us united.It’s a strong bond.No matter what we do in the present, it’s unbreakable. .”
The President further noted it was the case that UK is the very first nation to sign a deal for trade that was signed with U.S. during his second term, which opened up new opportunities for American producers and farmers.“This agreement will create billions of dollars in opportunities, reduce barriers to trade, and strengthen industrial capacity crucial for defense,” the President stated.
The $42 billion Tech Prosperity Deal is backed by large American technology companies, such as Microsoft, Nvidia, Google along with CoreWeave.Trump has highlighted their part in constructing the UK’s AI and cloud technology.
Microsoft → Microsoft has committed $30 billion (PS22bn) to build the UK’s biggest AI supercomputer in conjunction together with OpenAI and Nscale as part in the international Stargate initiative.
Nvidia → has deployed 120,000 GPUs throughout the UK comprising the 60,000 Grace Blackwell Ultra chips, to enhance AI research.“These investments will truly make the UK an AI maker, not an AI taker,” said David Hogan, Nvidia VP.
Google → has allocated $6.8bn (PS5bn) to build the construction of a new data center in Waltham Cross and continues to develop AI by establishing DeepMind labs.
CoreWeave → Pledged $2 billion (PS1.5bn) to a more energy-efficient cloud facilities in Scotland which brings their overall UK investments up to $3.4bn (PS2.5bn).
Starmer acknowledged the agreements and described them as a an important part of his plan to establish Britain to be “a beacon for technological innovation” while retaining an light approach to regulation similar to that of that of the U.S., as opposed to the more rigid European frameworks.
Trump spoke about the nuclear energy aspect of the agreement that he claimed was “in the wind for years” but is now taking shape.American business X-Energy and British partners will construct modular nuclear reactors throughout the UK.Trump declared that this will:
→ Create an economic worth of $ 50 billion
→ Then, you can create as many as 2,500 new jobs
→1.5 million homes. Power 1.5 million houses
“That’s a lot of homes,” Trump stated in announcing how the deal will direct benefit the families.Trump also emphasized the importance of electricity for AI and technology advancement: “You need the energy.One thing I discovered very quickly was that they require lots of electricity.For the United States, you need twice what we have in order to stay ahead of the battle.We’re ahead of China and the rest of the world by a considerable amount. .”
Trump stressed that the removal of regulations and incentives for innovation was the main reason for the success of the agreement.Trump also revealed that the agreement had already led to more than $315 million worth of private sector transactions and investments, including the one-time investment of $136 million from Blackstone.
“There’s a tremendous amount of innovation happening,” Trump Said“We’ve cut down on regulations that have been in place for decades and that’s why companies are investing billions of dollars.Huge private sector deals are currently in the process .”
He said his belief that his country U.S. had implemented significant reductions in regulation in the first year of his presidency and that they would extend even further.“We cut down on regulation by four times than any time in the history of any other country.We believe we’ll be able over that this time. .”
AI quantum computing along with Alan Turing’s legacy
Trump has compared his agreement to the work that was left by Alan Turing and declared that the partnership between the US and UK will guarantee global dominance in AI.“Seven decades after a British genius, Alan Turing, pioneered the field, this agreement will help America and our British allies dominate the future of artificial intelligence,” Trump said.
He also stressed collaboration with quantum computing as well as fusion, 6G as well as civil nuclear energy as crucial to maintaining technological supremacy.Trump spoke to tech leaders with a joke: “AI is taking over the world.I’m not sure what you’re doing But I believe you’re correct .”
Trump declared the fact that $17 trillion has been put into the United States this year alone and he called it unprecedented.“No country has had similar levels of investment before in history.The GDP for the quarter ended at 3.3 percent.Inflation is almost non-existent ,”
He emphasized the importance of corporate investment, which is fueled by tax reforms as well as regulatory incentives, pointing out that car firms, AI ventures as well as drug makers were returning back to U.S. “The provision for tax-expensing in the tax law permit companies to write off all their expenses within one year.This is the reason everybody is returning ,” Trump said.
The President also spoke about the security of borders, noting: “The border was totally shut during the period of three months.Zero people came in illegally.Criminals are into the country, however they need to do so legal .”
Trump extolled tariffs and claimed they have resulted in trillions of dollars in revenue and boosted U.S. companies, and attracted massive investment.“They’ve been incredible for our country,” Trump said.
Then, Trump thanked Prime Minister Starmer for her assistance in finalizing the agreement, describing it as “long in the making” and vital to ensuring that America continues to be the U.K.’s “closest and most trusted business partner.”
“With this agreement, our cherished friendship with the United Kingdom is getting stronger and stronger,” Trump declared.“We’ve been discussing it for quite a while and finally have finally done it.It’s an absolute honor to be here with you .”
