Google investments

- Google $GOOG+0.9% plans to invest $1 billion to build a data centre near London.

- The data centre will be located in Waltham Cross, 15 miles north of central London, on 33 acres.

- The UK government sees the investment as a "huge vote of confidence" in the UK and its growth potential.

- Microsoft $MSFT-0.8% also plans to invest $3.2 billion in the UK, including data centres, to support future artificial intelligence services.

- Google's new data centre will serve demand for AI and cloud services and help save energy by harnessing waste heat.

Do you think such an investment will support the country's development?

Alphabet

GOOG

$165.29 $1.46 +0.89%

Capital Structure

Market Cap

2.0T

Enterpr. Val.

2.0T

Valuation

P/E

23.8

P/S

6.2

Open $163.91

Day range $163.83 - $166.97

52 week range $121.46 - $193.31