Investor enthusiasm for the AI sector has surged significantly in recent years, driven by the widespread adoption of chatbots and the emergence of sophisticated AI agents
Published Thu, Apr 17, 2025 · 01:27 PM
[BENGALURU] Stargate, the US$500 billion US data-centre project funded by SoftBank, OpenAI and Oracle, is weighing a future investment in the UK as it explores overseas locations to build out artificial intelligence (AI) infrastructure, the Financial Times (FT) reported on Thursday (Apr 17).
British Prime Minister Keir Starmer has promised to take a pro-innovation approach to regulation, make public data available to researchers and create zones for data centres as he strives to make the UK an AI “superpower”.
These efforts to boost data centres’ access to electricity have attracted the project’s interest along with Germany and France, which have also emerged as attractive candidates, the report said, citing sources familiar with the matter.
OpenAI, Oracle and SoftBank did not immediately respond to Reuters requests for comments.
OpenAI CEO Sam Altman in February signalled willingness to bring a Stargate-like AI programme to Europe, saying his company would “love” to do a Stargate Europe.
OpenAI has expanded to the European continent in recent years, announcing offices in London, Paris, Brussels and Munich.
US President Donald Trump unveiled the Stargate project in January as a private sector investment aimed to fund infrastructure for AI, aiming to outpace rival nations in the business.
Investor enthusiasm for the AI sector has surged significantly in recent years, driven by the widespread adoption of chatbots and the emergence of sophisticated AI agents. REUTERS
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