Report: BlackRock to Invest $700 Million in UK Data Centers during Trump Visit

FILE PHOTO: The BlackRock logo is seen outside of its offices in New York City, US, October 17, 2016.  REUTERS/Brendan McDermid/File Photo
FILE PHOTO: The BlackRock logo is seen outside of its offices in New York City, US, October 17, 2016. REUTERS/Brendan McDermid/File Photo
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Report: BlackRock to Invest $700 Million in UK Data Centers during Trump Visit

FILE PHOTO: The BlackRock logo is seen outside of its offices in New York City, US, October 17, 2016.  REUTERS/Brendan McDermid/File Photo
FILE PHOTO: The BlackRock logo is seen outside of its offices in New York City, US, October 17, 2016. REUTERS/Brendan McDermid/File Photo

BlackRock plans to invest 500 million pounds ($700 million) in British data-centre infrastructure, one of a string of deals to be announced during US President Donald Trump's state visit next week, Sky News reported on Saturday.

BlackRock and Downing Street did not immediately respond to Reuters requests for comment on the report, which said BlackRock would invest through a new venture with Digital Gravity Partners.

BlackRock CEO Larry Fink will join OpenAI's Sam Altman and Blackstone's Stephen Schwarzman as part of the business delegation accompanying Trump, Sky News reported this week.

Altman and Nvidia CEO Jensen Huang plan to pledge support for billions of dollars in British data-centre investments during the trip, Bloomberg News reported on Thursday.

The investments underscore rising demand for digital infrastructure, driven by artificial intelligence and cloud computing.



Elon Musk's xAI Raises $15 billion in Latest Funding Round, CNBC Reports

xAI logo is seen in this illustration taken, February 16, 2025. REUTERS/Dado Ruvic/Illustration
xAI logo is seen in this illustration taken, February 16, 2025. REUTERS/Dado Ruvic/Illustration
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Elon Musk's xAI Raises $15 billion in Latest Funding Round, CNBC Reports

xAI logo is seen in this illustration taken, February 16, 2025. REUTERS/Dado Ruvic/Illustration
xAI logo is seen in this illustration taken, February 16, 2025. REUTERS/Dado Ruvic/Illustration

Billionaire Elon Musk's xAI has raised $15 billion in a series E funding round, CNBC reported on Thursday, citing sources familiar with the matter.

The capital adds another $5 billion to the $10 billion round it raised in September that valued it at $200 billion, the report said.

Following CNBC's September report, Musk said the company was not raising any capital, Reuters reported.

XAI, in what seemed like an automated reply, said "Legacy Media Lies" in response to a Reuters request for comment on Thursday's raise.

The AI startup has been ramping up its data center capacity to train more advanced models, as it looks to compete more effectively with OpenAI's ChatGPT and Anthropic's Claude.

A lot of the money raised will fund graphic processing units that underpin large language models, the report said.

Investor enthusiasm in artificial intelligence firms has remained strong even as fears of an AI bubble emerge due to sky high valuations and massive spending plans.

XAI is also investing heavily to expand its own infrastructure by buying property in the Memphis to build out its planned Colossus supercomputer.


Apple Refused Permission to Appeal UK Ruling on App Store Commissions

Apple has previously said the ruling "takes a flawed view of the thriving and competitive app economy" - File/Reuters
Apple has previously said the ruling "takes a flawed view of the thriving and competitive app economy" - File/Reuters
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Apple Refused Permission to Appeal UK Ruling on App Store Commissions

Apple has previously said the ruling "takes a flawed view of the thriving and competitive app economy" - File/Reuters
Apple has previously said the ruling "takes a flawed view of the thriving and competitive app economy" - File/Reuters

Apple was on Thursday refused permission to appeal against a London tribunal ruling that it abused its dominant position by charging app developers unfair commissions, Reuters reported.

The Competition Appeal Tribunal (CAT) ruled against Apple last month after a trial, finding Apple had abused its dominant position by shutting out competition in the app distribution market and "charging excessive and unfair prices" as commission.

Apple – which has faced mounting pressure from regulators in the US and Europe over the fees it charges developers – has previously said the ruling "takes a flawed view of the thriving and competitive app economy".

The CAT refused Apple permission to challenge its ruling at the Court of Appeal, but the company can still apply directly to the court.


Google Hit with EU Antitrust Investigation into its Spam Policy

 The Google logo is displayed during a press conference in Berlin, Germany, November 11, 2025. (Reuters)
The Google logo is displayed during a press conference in Berlin, Germany, November 11, 2025. (Reuters)
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Google Hit with EU Antitrust Investigation into its Spam Policy

 The Google logo is displayed during a press conference in Berlin, Germany, November 11, 2025. (Reuters)
The Google logo is displayed during a press conference in Berlin, Germany, November 11, 2025. (Reuters)

Alphabet's Google was hit with an EU antitrust investigation into its spam policy on Thursday following complaints from publishers who say it has hurt their revenues, putting the US tech giant at risk of yet another hefty fine.

Google began cracking down against companies gaming its search algorithm to push up rankings for other sites in March last year, Reuters said.

Its site reputation abuse policy targets the practice of publishing third-party pages on a site in an attempt to abuse search rankings by taking advantage of the host site's ranking signals, commonly referred to as parasite SEO.

The European Commission said its monitoring indicated that Google is demoting news media and other publishers' websites and content in Google search results when those websites include content from commercial partners.

It said Google's policy appears to directly impact a common and legitimate way for publishers to monetize their websites and content.

"We are concerned that Google's policies do not allow news publishers to be treated in a fair, reasonable and non-discriminatory manner in its search results," EU antitrust chief Teresa Ribera said in a statement.

"We will investigate to ensure that news publishers are not losing out on important revenues at a difficult time for the industry, and to ensure Google complies with the Digital Markets Act (DMA)," she said.

TECH GIANT CALLS EU INVESTIGATION 'MISGUIDED'

Google pushed back against the EU competition enforcer, saying the EU move risks degrading the quality of search results.

"The investigation announced today into our anti-spam efforts is misguided and risks harming millions of European users," Pandu Nayak, chief scientist at Google Search, wrote in a blog post.

"And the investigation is without merit: a German court has already dismissed a similar claim, ruling that our anti-spam policy was valid, reasonable, and applied consistently," he said.

He said Google's anti-spam policy helps level the playing field to thwart websites from using deceptive tactics to outrank websites competing on the merits with their own content.

German media company ActMeraki in April complained to the Commission, saying that Google's spam policy penalizes websites.

The European Publishers Council, the European Newspaper Publishers Association and the European Magazine Media Association also have voiced similar grievances.

The EU investigation is under the DMA which seeks to rein in the power of Big Tech where violations can cost companies as much as 10% of their global annual sales.