During Donald Trump's state visit to the UK, Presidents Trump and Prime Minister Keir Starmer signed a $42 billion tech pact to strengthen ties in AI, quantum computing, and civil nuclear energy, with Microsoft leading US firms in pledging £31 billion ($42 billion) investments in the UK.
The agreement aims to boost innovation and economic growth amid global competition.
Starmer highlighted the historic US-UK bonds, stating both nations are ready to define the century together.
The deal includes collaboration on AI infrastructure, with firms like Nvidia exploring investments.
This follows discussions on Ukraine and Gaza, where Trump criticized Putin.
The visit featured royal pomp at Windsor Castle, but protests over immigration and Epstein links overshadowed.
Starmer's government faces domestic challenges, including recognizing a Palestinian state, opposed by Jewish groups.
The tech pact underscores efforts to secure supply chains and drive UK investment, aligning with Labour's economic agenda.
Microsoft's involvement signals confidence in UK's tech ecosystem, potentially creating jobs and advancing R&D.
Broader implications include reduced reliance on Chinese tech and enhanced transatlantic security in emerging fields.
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A roundup of today's business news, featuring Porsche's struggles, HSBC becoming the UK's most valuable company, and a new deal for Vodafone-Three.
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Fed adjusts interest rates for first time in 2025, impacting economy amid inflation concerns.
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