OpenAI says energy costs and regulation hold back major UK investment - News Summed Up

OpenAI says energy costs and regulation hold back major UK investment


Stargate UK was expected to be based across a number of sites including Cobalt Park near Newcastle and Blyth. But OpenAI said the plans were being shelved until the “right conditions” allow for long-term investment in the UK’s infrastructure. OpenAI said it supports the Government’s ambition to be an AI leader (Alamy/PA)A spokesman for OpenAI said: “We see huge potential for the UK’s AI future. Data centres are powered by very large amounts of energy so are more likely to be exposed to volatile prices. 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: The Times April 10, 2026 05:04 UTC



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