Alphabet's (GOOGL) Google Announces Major UK Investment and New Data Center

Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 Best NASDAQ Stocks to Buy For Long Term. On September 16, Reuters reported that Alphabet Inc.’s (NASDAQ:GOOGL) Google will invest GBP 5 billion (about $6.80 billion) in the UK ahead of the visit of US President Donald Trump to the country. This visit is expected to bring many new business deals and partnerships.

Google also announced the opening of a new data center near London. This data center will support the growing demand for Google’s AI services like Google Cloud, Search, Maps and Workspace.

Alphabet Inc.’s (NASDAQ:GOOGL) Google said this investment will help create 8,250 jobs each year in British businesses.

The visit by President Trump is expected to strengthen economic ties between the US and the UK. Senior US officials mentioned that business agreements worth more than $10 billion would be announced.

Alphabet Inc. (NASDAQ:GOOGL) is a global technology company and the parent company of Google. The company’s products include Search, Ads, Chrome, Cloud, YouTube, and Android.

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Disclosure: None. This article is originally published at Insider Monkey.