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U.S. President Donald Trump and British Prime Minister Keir Starmer signed a new U.K.-U.S. technology agreement in Buckinghamshire, England on Thursday as part of Trump’s state visit.
According to Associated Press speaking at the signing alongside Starmer and a handful of tech CEOs, Trump described the deal as "a historic agreement on science and technology partnerships."
"This new accord is already helping spur a massive wave of private sector deals worth over $350 billion alone headlined by $136 billion from Blackstone," Trump added.
Trump then went off-script to thank the CEO of Blackstone, Stephen Schwarzman, who was in the audience at the signing.
"That’s very nice, Steve. Thank you," said the President.
Starmer was just as positive about the deal.
"The deals and investment that you’re announcing today break all records. What a day! 250 billion pounds flowing both ways across the Atlantic. It is the biggest investment package of its kind in British history," he said.
The Trans-Atlantic tech partnership signing capped a flurry of announcements on UK investments during Trump’s visit, which together amounted to a high-profile show of support for the country’s tech industry.
Among the local winners was Nscale, a little-known London-based data center startup that was at the center of several of the announcements. Chipmaker Nvidia said it’s investing 500 milllion pounds in the company and, with ChatGPT-maker OpenAI, is working with Nscale to develop the U.K. branch of Stargate, the Trump-backed AI infrastructure project.
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