(Reuters) -BlackRock plans to invest 500 million pounds ($678 million) in British data centre infrastructure through a new joint venture with Digital Gravity Partners, one of a string of deals to be
BlackRock to Invest $700 Million in UK Data Centres During Trump Visit
BlackRock's Investment in UK Data Centres
(Reuters) - BlackRock plans to invest 500 million pounds ($700 million) in British data-centre infrastructure, one of a string of deals to be announced during U.S. President Donald Trump's state visit next week, Sky News reported on Saturday.
Details of the Investment
BlackRock and Downing Street did not immediately respond to Reuters requests for comment on the report, which said BlackRock would invest through a new venture with Digital Gravity Partners.
Significance of the Investment
BlackRock CEO Larry Fink will join OpenAI's Sam Altman and Blackstone's Stephen Schwarzman as part of the business delegation accompanying Trump, Sky News reported this week.
Key Figures Involved
Altman and Nvidia CEO Jensen Huang plan to pledge support for billions of dollars in British data-centre investments during the trip, Bloomberg News reported on Thursday.
The investments underscore rising demand for digital infrastructure, driven by artificial intelligence and cloud computing.
($1 = 0.7377 pounds)
(Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Tom Hogue and William Mallard)
