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New AI deal could rapidly boost UK economy, says Microsoft boss

New AI deal could rapidly boost UK economy, says Microsoft boss 3 hours ago Share Save Zoe Kleinman Technology editor Share Save Getty Images Microsoft says its new $30bn (£22bn) investment in the UK's AI sector - its largest outside of the US - should significantly boost Britain's economy in the next few years. The package forms a major part of a £31bn agreement dubbed the "Tech Prosperity Deal", signed between the UK government and several US tech giants as part of Donald Trump's second sta

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AI could boost UK economy by 10% in five years, says Microsoft boss

AI could boost UK economy by 10% in five years, says Microsoft boss 23 minutes ago Share Save Zoe Kleinman Technology editor Share Save Getty Images Microsoft says its new $30bn (£22bn) investment in the UK's AI sector – its largest outside of the US - should significantly boost Britain's economy in the next few years. Its package forms a major part of a $31billion agreement made between the UK government and various other US tech giants, including Nvidia and Google, to invest in British-base

'We will do better.' Microsoft CEO Nadella admits company has to rebuild trust with employees

Microsoft CEO Satya Nadella departs following a meeting of the White House Task Force on AI Education in the East Room of the White House in Washington on Sept. 4, 2025. Microsoft CEO Satya Nadella told employees in a meeting on Thursday that the company has work to do to smooth relations with employees after announcing several rounds of layoffs and a mandated partial return to in-person work. In the meeting that was held online, an employee asked executives to speak about a perceived lack of

Microsoft CEO Satya Nadella addresses 'painful' layoffs, discusses ambitious AI plans in company memo

What just happened? Microsoft is facing one of the most turbulent phases in its history, balancing massive investments in artificial intelligence and infrastructure with significant job cuts, creating a climate of uncertainty within the company. On Thursday morning, CEO Satya Nadella addressed employees in a memo that directly acknowledged the contradictions they are experiencing. "I want to acknowledge the uncertainty and seeming incongruence of the times we're in. By every objective measure,

Microsoft's Satya Nadella says job cuts have been 'weighing heavily' on him

Microsoft CEO Satya Nadella talks with Indonesia's Minister of Communication and Information Technology Budi Arie Setiadi, on the day of their meeting with Indonesian President Joko WIdodo, at the Presidential Palace in Jakarta, Indonesia, April 30, 2024. Microsoft has laid off over 15,000 people so far in 2025. The stress of the belt-tightening has gotten to CEO Satya Nadella. "Before anything else, I want to speak to what's been weighing heavily on me, and what I know many of you are thinkin

Microsoft’s Satya Nadella Pumps the Breaks on AI Hype

The world has yet to turn any of today’s AI hype and spending into a meaningful lift in the actual economy, says Microsoft CEO Satya Nadella. The comments were made during a podcast interview in which he put a measuring stick on AI’s true impact: Success will be measured through global economic growth rather than arbitrary benchmarks of how well AI programs can complete challenges like obscure math puzzles. Those are interesting in isolation but do not have practical utility. The comments seem