Quantexa, a data and analytics software firm, introduced a product to help smaller banks fight crypto-powered crime in the U.S.

Half the investment will be dedicated to capital expenditure on the UK’s AI and cloud infrastructure

The ‘tech prosperity deal’ will see the UK and US co-operate in areas including artificial intelligence, quantum computing and nuclear power.

STORY: Donald Trump arrived in the UK late Tuesday (September 16) for an unprecedented second state visit to the country.The trip will see both pomp and protests, but the two countries also hope it will mark the start of a new era in investment.To mark the event, they’ve agreed a “Tech Prosperity Deal” with an estimated value of $42 billion.Among the major investments promised…Microsoft says it will spend around $30 billion expanding cloud and AI infrastructure in the UK.It will also help build the country’s biggest AI supercomputer in north-east London.Google promised almost $7 billion in spending on a new data center and AI research.And Nvidia said it would deploy 120,000 advanced chips across the country.It could all be a timely boost for embattled UK Prime Minister Keir Starmer, who is under pressure to revive growth.He wants to pitch Britain as a destination for further investment, touting it as offering the kind of light-touch regulation favored by the US.The UK government says the new pact will include efforts to use AI in healthcare, expand quantum computing capabilities and streamline civil nuclear projects.Trump’s visit is unlikely to be all plain sailing, however, with the U.S. president a divisive figure in the UK.In a possible taste of things to come, protesters projected images of him with the late sex offender Jeffrey Epstein onto the walls of Windsor Castle.Starmer will be hoping there are no more such stunts when his guest arrives at the castle on Wednesday (September 17) to be feted with a day of royal pageantry.