Nscale, a UK AI infrastructure startup, saw Microsoft pull out of a data‑centre lease deal, which the company’s major investor Aker ASA called a minor contract. The move comes as Nscale, after its Series C round, doubles its activity and readies a US IPO with a $35bn target valuation.
The French AI cloud startup NSCALE is looking for funding to support its growth and fulfill large contracts worth about $103 billion, highlighting that access to capital is a key competitive factor in the AI cloud market.
London‑based data centre builder Nscale will supply $1 million of compute resources to AI research groups at Oxford, UCL and Imperial, underscoring growing demand for sovereign compute capacity in European research institutions
Nscale’s flagship UK data centre project is delayed due to grid capacity issues, with the company seeking alternative power solutions. The project, part of a $5bn funding-backed expansion, aims to provide Nvidia GPUs to clients like Microsoft.
Nscale, a London-based AI infrastructure company, raised $2bn Series C and landed a $14.6bn valuation