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The Latest Breaking News from Nscale

Cloud infrastructure provider Nscale seeks about $3.5 billion pre-IPO funding

Nscale intends to sell as much as $1.5 billion of convertible ‌notes to ⁠a ⁠group of investors and aims to secure about $2 billion from Nvidia, the source said.

The Economic Times

Anthropic just made a staggering $35 billion bet on Claude — here's why it needs so much computing power

Anthropic is reportedly spending $35 billion on new computing power for Claude. Here’s why the AI chatbot needs so much infrastructure to keep growing.

Tom’s Guide

Anthropic to rent AI computing power from Nscale for $45 billion

Anthropic ⁠has been aggressively expanding its computing power to meet demand growth it expects for products like AI coding tool, Claude Code. Nscale, a cloud infrastructure provider, will deploy Nvidia's new Vera Rubin chips to support Anthropic's computing needs, the person said.

The Economic Times

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OpenAI’s apparent failure to visit key site raises questions over UK investment

Exclusive: £20bn of ‘potential’ £30bn AI investment touted by UK ministers appears to have been hypothetical

The Guardian - UK

Nscale has raised billions to power Europe’s AI ambitions. Now the startup must prove the hype can survive reality

In just two years, Nscale has gone from a crypto-mining spinout to one of the most prominent companies in Europe’s AI data center push.

Fortune

WhiteFiber Q1 Earnings Call Highlights

WhiteFiber (NASDAQ:WYFI) reported first-quarter revenue growth and positive adjusted EBITDA as management said the company is nearing initial capacity delivery at its NC1 data center project in North Carolina and continuing to reposition its cloud business toward longer-duration enterprise deploymen

MarketBeat

OpenAI halts £31 billion Stargate UK project over rising energy costs and regulatory deadlock

OpenAI says energy costs and regulation are forcing the company to put the project on hold - but was there even a project to begin with?

TechRadar

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OpenAI shelves Stargate UK in blow to Britain’s AI ambitions

Artificial intelligence company cites high energy costs and regulation for putting landmark project on hold

The Guardian - UK

UK government yet to trial OpenAI tech months after signing partnership

FoI request reveals no evidence of testing despite ministers hailing agreement as key to delivering AI-led public service reform

The Guardian - UK

Invisible datacentres and capricious chips: is UK’s AI bubble about to burst?

Datacentre investment boom is one of the biggest infrastructure gambles of this era, and Britain may be uniquely exposed

The Guardian - UK

Wednesday briefing: From missing billions to nonexistent datacentres, inside Britain’s AI drive

In today’s newsletter: Enormous investments in artificial intelligence promised to transform Labour’s growth problems. The reality is much murkier

The Guardian - UK

Missing money, shipped chips and a 350,000% profit: key takeaways on AI ‘phantom investments’

A Guardian investigation has put the UK government’s AI plans under the microscope. Here are the key details

The Guardian - UK

From press release … to scrap metal site: the Essex ‘supercomputer’ that’s still a scaffolding yard

Nscale’s AI project still in use as depot ahead of pledged completion date – with planning permission filed after Guardian’s inquiries

The Guardian - UK

Revealed: UK’s multibillion AI drive is built on ‘phantom investments’

Exclusive: Rented datacentres and unrealised supercomputer site raise questions for Starmer’s push to ‘mainline AI into veins of economy’

The Guardian - UK

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The Guardian - UK

British AI datacentre firm Nscale raises $2bn as Sheryl Sandberg and Nick Clegg join board

London-based startup, which is vital to the government’s AI ambitions, is now valued at $14.6bn

Fortune

Can Europe’s financial markets fuel an industrial revival?

To remain competitive, “and to win”, Europe has to “think big and act as one.”

Benzinga

Microsoft And Nvidia-Backed Nscale Announce Large-Scale AI Project In US And Europe

Nscale unveiled an expanded partnership with Microsoft Corp. (NASDAQ:MSFT) to deploy roughly 200,000 NVIDIA Corp. (NASDAQ:NVDA) GB300 GPUs across Europe and the United States, marking an important AI infrastructure rollout.

Benzinga

Nvidia Commits $500 Million To UK Autonomous Driving Startup Wayve

Nvidia (NASDAQ:NVDA) is in advanced talks to make a $500 million investment in the U.K. autonomous driving startup Wayve, signaling a strategic expansion of its influence in the thriving artificial intelligence sector.

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International Business Times UK

The UK Welcomed Trump & Melania With A Lavish State Dinner. What Was The Trade-off?

UK hosted Trump with royal treatment, but the real outcome was a £275 billion tech deal shaping Britain's digital future.

Barchart

Nvidia Is Taking Trump’s ‘Stargate’ Idea Global. Should You Buy NVDA Stock Now?

Nvidia will invest 11 billion British pounds in the United Kingdom to shore up the nation’s AI infrastructure.

TechRadar

AI > Crypto - Bitcoin mining spinoff gets $700 million investment from Nvidia to build hyperscale AI infrastructure using, you've guessed it, thousands of Blackwell GPUs

Nvidia invests $700 million in Nscale to build UK’s largest AI supercomputer with Microsoft and OpenAI.

The Guardian - UK

What is new in UK-US tech deal and what will it mean for the British economy?

Nvidia, OpenAI and Microsoft announce investments as part of multibillion-dollar package alongside Trump visit

PC Gamer

We Brits are finally getting a slice of Nvidia pie as up to 60,000 Blackwell GPUs will be heading to the UK as part of $42 billion deal with the US

Any chips going spare?

Windows Central

OpenAI is building another Stargate roject in the UK — scaling up to a whopping 31,000 of NVIDIA's most advanced GPUs

The rumored OpenAI and NVIDIA UK AI project is official, with the creation of Stargate UK bringing OpenAI's tech for "sovereign" AI in the country.

The Guardian - UK

UK is going to be ‘AI superpower’, says Nvidia boss as he invests £500m

Jensen Huang says UK is ‘too humble’ as he announces equity stake in British cloud computing firm NScale

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