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Gone quietTech

Microsoft cancels Nscale Essex data centre deal

Microsoft has exited a UK data centre deal with Nscale. Nscale now faces investor pushback on its roughly $30bn IPO valuation, with some urging $16bn to $19bn.

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The latest development

The Guardian · WorldSun 18 Oct · 12:28 UTC

Microsoft drops huge AI datacentre project in Essex over power supply concerns Development by UK firm Nscale heralded…

01The story so far
three developments over one day, a square each
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Developments

Sunday 18 October

3 developments
  1. 22:15 UTC· the latest

    Investors push back on Nscale's $30bn IPO valuation

    Bloomberg sources say some investors want a $16bn-$19bn valuation instead of about $30bn as Microsoft exits the UK data centre deal.

    1 sourceTechmeme
    • TechmemeRSSSun 18 Oct, 22:15

      Sources: Nscale faces investor pushback on its ~$30B IPO valuation, with some urging a lower valuation of $16B to $19B, as Microsoft exits a UK data center deal (Bailey Lipschultz/Bloomberg) Bailey Lipschultz / Bloomberg: Sources: Nscale faces investor pushback on its ~$30B IPO
      The original post
  2. 12:28 UTC

    Microsoft drops Nscale's Essex AI data centre over power concerns

    The project at Loughton, planned to open next year, loses its anchor tenant after Microsoft withdrew over power supply worries.

    LoughtonGB

    1 sourceThe Guardian · World
    • The Guardian · WorldRSSSun 18 Oct, 12:28

      Microsoft drops huge AI datacentre project in Essex over power supply concerns Development by UK firm Nscale heralded by ministers as largest of its kind in the country loses its anchor tenantThe development of a huge AI datacentre hailed by the UK government has received a fres
      The original post
  3. 06:05 UTC

    Microsoft pulls out of Nscale's Essex AI data centre deal

    The Telegraph reports Microsoft cancelled its anchor-tenant agreement to rent 23,000 Nvidia chips at a UK data centre facing repeated delays.

    EssexGB

    1 sourceTechmeme
    • TechmemeRSSSun 18 Oct, 06:05

      Microsoft cancels its deal with Nscale to serve as the anchor tenant and rent 23K Nvidia AI chips at a planned data center facing repeated delays in Essex, UK (James Titcomb/Telegraph) James Titcomb / Telegraph: Microsoft cancels its deal with Nscale to serve as the anchor tenan
      The original post