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Microsoft declines multibillion-dollar expansion deal with UK AI start-up Nscale

NewsFeeds update

Microsoft declined to more than double an existing data centre compute lease in Texas with Nscale, the UK's most valuable AI start-up, leaving it to find new customers or risk losing billions in future revenue as it targets a $35bn listing, the Financial Times reported, citing three people.

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The story so far: Nscale IPO plans

Nscale, an AI data centre developer spun out of crypto miner Arkon Energy, is preparing an IPO, with investors pushing for a $16bn-$19bn valuation against its ~$30bn target. Microsoft has now declined to more than double an existing Texas data centre compute lease with Nscale, leaving the start-up to find new…

Headlines only, oldest first. Open a headline for the full update and the outlet it came from.

  1. Nscale faces delays and safety issues ahead of planned IPO

  2. Nscale's $30bn IPO valuation target questioned as investors push $16bn-$19bn

  3. Serenity says Microsoft exit from Nscale may favour Nebius and IREN

  4. Nscale's Josh Payne says miner-turned-AI developer still plans listing at $30bn valuation

  5. Nscale said to press on with listing at $30bn valuation

  6. Microsoft declines multibillion-dollar expansion deal with UK AI start-up Nscale

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.