President Trump and UK Prime Minister Keir Starmer on Thursday signed a joint memorandum of understanding authorizing $350 billion in investments on artificial intelligence (AI), civil nuclear energy and quantum computing.
President Trump and UK Prime Minister Keir Starmer signed a joint memorandum of understanding Thursday authorizing investment of $350 billion in sectors including artificial intelligence (AI), civil nuclear energy and quantum computing.
The allied leaders announced the Technology Prosperity Deal in a press conference at Chequers, the country manor of the British PM in Buckinghamshire northwest of London, claiming that the “win for both sides” could create up to 17,500 new jobs across both nations.
“This trip has galvanized $350 billion in deals across many sectors, and we’re committed to ensuring that the UK is a secure and reliable supply of the best AI, hardware and software on Earth, and we supply that and make sure we supply it in quantity to the UK,” said Trump.
The president later joked it was “a better deal for you than us,” praising Starmer as a tough negotiator, while the PM described the pact as a “good deal” for both countries.
“It’s a blueprint to win this new era together, shape it according to our shared values, and seize the incredible opportunities that are on offer,” Starmer told reporters.
