AI minister defends billions amid ‘phantom funding’ scrutiny March 10, 2026 Britain’s multi billion-pound push to build sovereign AI capacity will inevitably include projects that are still taking shape rather than fully deployed capital, the UK’s AI minister told City AM, as scrutiny intensifies over the government’s headline investment figures. Kanishka Narayan, who was appointed as AI and online safety minister last September, said the scale [...]
Nscale lands $2bn funding amid UK push to grow AI infrastructure March 9, 2026 London-based AI infrastructure firm Nscale has raised $2bn (£1.6bn) in funding, raising its valuation to $14.6bn as Britain seeks to get ahead of the global AI computing race. The series C round, led by Aker ASA and 8090 Industries, has been backed by heavyweight investors including Nvidia, Dell Technologies, Lenovo, Citadel and Point72. The funding [...]
Nvidia results to test strength of rocketing AI spend February 23, 2026 In the wake of the recent Anthropic-driven sell-off in software stocks, Nvidia’s earnings report on Wednesday will serve as a key litmus test for the extraordinary growth fuelling the AI buildout. The chip behemoth, now almost synonymous with the AI boom, is expected to post revenue of between $65.6bn (£48.48bn) and $65.9bn for the quarter [...]
Meta signs Nvidia deal as AI infrastructure bill soars February 18, 2026 Meta has announced a a multi-year partnership with Nvidia to expand its artificial intelligence (AI) infrastructure, as it continues to commit billions to data centres. The deal will grant the Facebook owner access to the chip giant’s latest processor, and covers deployments across Meta’s various branches. It will see the social media group roll out [...]
Antofagasta’s shares dip despite soaring revenue February 17, 2026 London listed Mining company Antofagasta saw its share’s dip in early morning trading despite reporting a rise in revenue, driven by increased commodity prices and booming demand. The Chilean based group recorded a 30 per cent jump in revenue to $8.6bn (£6.3bn), reflecting copper prices reaching record highs in 2025, coupled with the rising prices [...]
Nscale bags $1.4bn loan as AI infrastructure shifts to private credit February 13, 2026 London-based AI cloud provider Nscale has secured a $1.4bn (£1.03bn) delayed draw term loan backed by GPUs, in one of the largest private credit deals yet tied directly to AI hardware deployments in Europe. The facility was led by funds managed by Pimco, Blue Owl and LuminArx Capital Management, with support from additional asset managers [...]
Court ruling tests Britain’s £1bn data centre power plans – and energy policy February 5, 2026 A High Court challenge to a £1bn data centre beside the M25 has exposed a glaring issue for Britain’s ambitious AI build out. Power hungry projects are effectively being approved before anyone is sure where the power will come from. The government has accepted that planning permission for a 90MW hyperscale facility at Iver in [...]
Nvidia bets £11bn on UK AI with GPU deal, amid Trump state visit September 17, 2025 Nvidia is pumping up to £11bn into Britain’s AI ecosystem in a move that will see the UK host Europe’s largest GPU cluster by 2026, with 120,000 of its latest Blackwell Ultra chips deployed across new data centres. The investment, unveiled late on Tuesday and timed to coincide with President Donald Trump’s state visit to [...]