Version 1 to Invest £40M in UK AI Hubs

Irish firm Version 1 has announced a significant investment of £40 million to develop artificial intelligence hubs in six UK cities, namely London, Birmingham, Newcastle, Manchester, Edinburgh, and Belfast. This initiative is expected to generate approximately 1,000 jobs related to AI. Echoing its commitment to both local and global client service, Version 1 aims to elevate its AI and digital transformation capabilities. The announcement coincides with the annual UK-Ireland summit, with endorsement from UK Prime Minister Keir Starmer and Irish Taoiseach Michael Martin. The investment aligns with several UK government initiatives such as the AI Opportunities Action Plan, which seeks to enhance productivity and bolster economic value. The significance of this investment is underscored by British and Irish leaders, illustrating the mutual economic benefits expected from cross-border corporate alignments.