Microsoft cancels Nscale UK AI chip deal — SkimNews
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- Microsoft canceled its deal to be the anchor tenant renting 23,000 Nvidia AI chips at Nscale's Essex, UK data center
- Nscale's Essex facility may not receive grid power until the 2030s, and the Telegraph frames Microsoft's exit as a threat to Nscale's planned multibillion-dollar listing
Why it matters: Nscale loses Microsoft as anchor tenant ahead of a planned multibillion-dollar IPO the Telegraph calls threatened. The Bloomberg-sourced headline pegs the tension numerically: investors pushing for a $16B–$19B valuation versus Nscale's ~$30B target, with a data center that may not get grid power until the 2030s giving skeptics ammunition.
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