Britain's Prime Minister Rishi Sunak and Microsoft President Brad Smith attend the AI Safety Summit in Bletchley Park, near Milton Keynes, Britain, November 2, 2023.
Britain, where the economy is forecast to be sluggish in the coming years, is pushing for private investment to help fund new infrastructure, particularly in growth industries like AI.
"Today's announcement is a turning point for the future of AI infrastructure and development in the UK," Sunak said in a statement on Thursday.
Since then, the UK regulator waved through a restructured version of Microsoft's $69 billion acquisition of Activision Blizzard , putting Britain back in Microsoft's favour.
The investment includes a training plan to help ensure Britons have the skills they need to build and work with AI, it added.
Rishi Sunak, Brad Smith, Toby Melville, Sunak, Microsoft's, Smith, Jeremy Hunt, Sarah Young, Elaine Hardcastle
Britain's, Microsoft, REUTERS, U.S ., Activision Blizzard, Thomson
Bletchley Park, Milton Keynes, Britain, Microsoft's, London