BlackRock Launches £500m UK Data Centre Investment Amid Transatlantic Economic Ties and AI Revolution

American investment giant BlackRock is set to inject £500 million (approximately $679 million) into the UK’s data center infrastructure. This move aligns with US President Donald Trump’s state visit to Britain.

BlackRock, the world’s largest asset manager with global assets exceeding $12.5 trillion, will form a joint venture with Digital Gravity Partners to acquire and modernize existing data centers across the country.

This announcement is part of a broader set of bilateral agreements between London and Washington, intended to underscore the robustness of transatlantic economic relations.

Digital Gravity Partners, specializing in digital infrastructure investments, primarily focuses on data centers that house the servers powering various operations from streaming services like Netflix to AI-driven platforms such as ChatGPT.

Given the escalating demand for these data centers due to their critical role in powering the AI revolution, they consume massive amounts of electricity to run the numerous processors essential for machine learning (ML).