Beacon Transcript – Google has announced a new company investment in its United Kingdom headquarters by expanding and constructing upon its current business.
Following the Brexit vote results, quite a number of analysts and businesses seem to be undecided as to investing in the area as its economic future is still somewhat uncertain.
Still, the current status of the United Kingdom will not be turning away the giant company Google as it has just announced a new company investment.
The United States technology giant will be expanding its presence in the English capital, London, as it will be building and actually expanding its current headquarters.
One of the company’s major investments will see the construction of a new Google campus, which will be located in the King’s Cross zone.
The new campus is estimated to generate a number of 3,000 new workplaces in the UK capital by 2020. These new workplaces will be added to the already existing number of 4,000 employees which are spread throughout the United Kingdom.
The new headquarters will be built in the Pancras Square complex and will feature a new 10 story high building. The new complex will be spread over a 650,000 square foot surface area.
Following its construction, the London headquarters will be the first company investment to be both designed and wholly owned solely by Google outside the United States.
According to the Google chief executive, Sundar Pichai, the company considers that the United Kingdom still is an area of great interest in the business domain.
The same Pichai stated that the London expansion is seen as a great chance for the company future opportunities as it has offered quite a few very valuable personnel members.
As such, Google considers this new move to be an opportunity for the development of the tech company, despite the big commitment which it implies.
The tech giant considers that the new product development, production, and sale will come to translate into a long-term company investment and market option.
The aforementioned Pinchai also pointed out Britain’s status and leading position as a tech-hub in the global market, status which he considers will lead to future investments in the country.
The CEO declared that the company is also planning on bringing virtual reality closer to about 1 million United Kingdom school children as part of their new learning programs.
Google, which is recognized as an innovative company that is at the forefront of new technologies, has been investing in the virtual reality and artificial intelligence domains.
Artificial intelligence (AI) has its own subsidiary division, the Google DeepMind, which was founded and is located in the British capital.
The DeepMind project is interested and seeks to move forward the AI domain through both new research and learning techniques.
As Google announced new company investments, it remains to be seen if they will be rolling out the children virtual reality learning program.
However, their UK growth will surely consolidate both the area’s status as a tech hub and its future market attractivity.
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