‌At the time, it was said the initiative would bring thousands of jobs and multibillion-pound investment into the North East. But OpenAI said the plans were being shelved until the “right conditions” allow for long-term investment in the UK’s infrastructure. London is home to our largest international research hub, and we support the Government’s ambition to be an AI leader. It had planned to invest billions of dollars into AI infrastructure with the involvement of OpenAI, but also tech giants including Nvidia and Microsoft. Conservative MP and shadow science minister Ben Spencer said: “When global firms cite high energy costs and regulatory uncertainty as reasons to walk away, it tells you everything about the direction of travel.

Source: Daily Mirror April 10, 2026 09:59 UTC